has acquired

$130 million credit facility

Duff & Phelps Advised CraftWorks on Its Recapitalization Transaction to Finance the Acquisition of Logan’s Roadhouse

Duff & Phelps Advised CraftWorks on Its Recapitalization Transaction to Finance the Acquisition of Logan’s Roadhouse

Contact Us

On November 1, 2018, CraftWorks Restaurants & Breweries ("CraftWorks", or the "Company"), a portfolio company of Centerbridge Partners, L.P. ("Centerbridge"), obtained a new $130 million term loan in conjunction with its acquisition of Logan's Roadhouse, Inc. ("Logan's").

Duff & Phelps served as buy-side financing advisor and placement agent to CraftWorks Restaurants & Breweries in conjunction with raising a $130 million first lien term loan credit facility. 

About CraftWorks Restaurants & Breweries
Headquartered in Broomfield, Colorado, CraftWorks is a leading operator of brewery and craft beer-focused casual dining restaurants. The Company has 189 corporate and franchise restaurants in 36 states and the District of Columbia, across brands such as Old Chicago Pizza & Taproom, Rock Bottom Restaurants & Breweries, Gordon Biersch Brewery Restaurants and Big River Grille & Brewing Works among other brands. 

About Centerbridge Partners, L.P.
Centerbridge Partners is a private investment management firm employing a flexible approach across investment disciplines  – from private equity to credit and related strategies, and real estate – in an effort to find the most attractive opportunities for its investors and business partners. With offices in New York and London, the firm was founded in 2005 and as of June 2018 has approximately $28 billion in capital under management. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives.

About Logan's Roadhouse, Inc.
Logan's Roadhouse is a leading casual dining steakhouse headquartered in Nashville, Tennessee. Offering mesquite wood-fire grilled steaks, signature yeast roll and American-inspired signature favorites for over 25 years, Logan's has 204 corporate and franchise restaurants in 22 states.

 
2018-11-06T00:00:00.0000000 /-/media/assets/images/transactions/2018/craftworks.ashx /-/media/assets/images/transactions/2018/logansroadhouse.ashx /about-us/transactions/m-and-a/buy-side-financing-advisor-craftworks case study {4DACD310-421A-42AC-BEF4-8AA7E70484CD} {D59CA77E-C551-45A3-BE89-F567210C5A60} {6D429BE3-2AAB-4D83-AD34-8DB8DAB79D3E} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {5CE144D0-ADDC-43A3-95E4-3428CA819BF8} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {13E28841-C245-441D-8C3B-49E72DA5381C} {C8894F56-FF6C-4DEA-AB91-58D66A7F0624} {B062D54C-1425-4A04-8F9F-95EA14068E6D} {2746A2DD-363F-4E48-8914-B4F0BDEA669C}

Related Services

Duff & Phelps Corporate Finance

Corporate Finance

M&A Advisory

Middle-market M&A advisory differentiated by industry expertise and superior deal execution.

M&A Advisory
Duff & Phelps Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Duff & Phelps Corporate Finance

Corporate Finance

Fairness and Solvency Opinions

Independent opinions for boards of directors and special committees.

Fairness and Solvency Opinions
Duff & Phelps Corporate Finance

Corporate Finance

Private Capital Markets

Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.

Private Capital Markets
Duff & Phelps Corporate Finance

Corporate Finance

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services
Duff & Phelps Corporate Finance

Corporate Finance

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Financial Sponsors Group
Duff & Phelps Disputes

Governance, Risk, Investigations and Disputes

Combined Duff & Phelps and Kroll disputes, investigations, cyber, business intelligence, cross-border restructuring and other advisory.

Governance, Risk, Investigations and Disputes
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.

Valuation Advisory
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Tax Services

Property tax, site selection, transfer pricing, sales and use tax and unclaimed property advisory.

Tax Services

Related Case Studies

Insights

News

Events