Signature of Buffalo Grill refinancing agreement

Abénex Capital and NiXEN announce the signing of Buffalo Grill refinancing agreement

 

French leader in the food restaurants set up new financial facilities in order to refinance partially and to support its development.

 

Convinced by the implemented strategy and the development projects, all the banks supporting the Group since 2008 have confirmed their commitment to the company.  Two new actors have joined the pool for this operation, by. Bank pool will finance the investment plan for a total amount of 30 €M.

 

Buffalo Grill is the leader in food restaurants in France with 331 restaurants (fully owned and franchises), total turnover of 522 €M and 5.560 employees.

 

The Group realized very good performance in 2014 with the increase in attendance (both on a like-for-like basis and including opening/closing of restaurants), the gain of new market shares and the improvement of financial performance.

 

Buffalo Grill expects to continue its growth in 2015, with an objective of 13 openings: 8 Buffalo Grill restaurants and 5 Buffalo Burger restaurants (new concept launched in February 2015).

Buffalo Grill was acquired in 2008 by a consortium of financial investors led by Abénex Capital (majority stakeholder) and NiXEN.

 

Contributors:

 

Company Advisors:

  • Legal: Mayer Brown (Corporate : Olivier Aubouin, Jérémy Thézée, Finance: Patrick Teboul, Marion Minard, Tax: Benjamin Homo, Elodie Deschamps)
  • Finance: EY (Gilles Marchadier, Pierre Josset)

 

Debt Providers:

  • Coordinator: CA-CIB (Jean-Christophe Bonassies, Fabrice Carlioz)
  • Legal advisor of debt providers: Gide (Thomas Binet, Rossana Braz-Duarte)
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20/05/2015twitterlinkedindownload