ANNOUNCES COMPLETION OF ACQUISITION OF UNO RESTAURANT HOLDINGS
NEW YORK (February 23, 2005)
- PRNewswire/ -- Centre Partners, a leading middle market
private equity firm with offices in New York and Los Angeles,
together with Aaron Spencer, the company's Founder, and
management today announced the completion of the acquisition
of Boston-based Uno Restaurant Holdings Corporation, a major
operator and franchisor of full-service, casual dining restaurants
with system wide revenues of nearly $500 million.
There are more than 200 Uno Chicago Grill restaurants,
located in 32 states, the District of Columbia, Puerto Rico,
and select international cities. Uno Chicago Grill restaurants
serve a wide variety of menu items, including their signature
Chicago-style deep dish pizza, ribs, steak, seafood, pasta,
salads, chicken and fajitas. In addition, Uno Restaurant
Holdings Corporation also operates a rapidly growing consumer
"We are pleased to announce the close of this transaction,"
said David Blatte, Managing Director at Centre Partners.
"We look forward to working with Frank Guidara, who
recently joined the company as CEO, Aaron Spencer and the
Uno management team to nurture and enhance a great company
with a strong brand and rich heritage."
Centre Partners has deep experience investing in consumer
businesses, and the firm has invested in such restaurants
as Garden Fresh Restaurant Group, which operates under the
Sweet Tomatoes and Souplantation brands, The Johnny Rockets
Group and Buca di Beppo.
About Centre Partners
Centre Partners, founded in 1986, with offices in New York
City and Los Angeles, is a leading private equity firm focused
on making investments in middle market companies alongside
management teams who have a meaningful economic stakes in
the future success of their businesses. Centre Partners
and its affiliates have invested over $3 billion of equity
capital in more than 80 businesses, with a focus on consumer
businesses, including restaurants. The investment will be
funded through Centre Partners' fourth fund which has committed
capital of about $780 million. Additional information about
Centre Partners is available at http://www.centrepartners.com.
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CONTACT: Steve Bruce, firstname.lastname@example.org, or Monica Everett,
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for Centre Partners