Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

May 2012


Ignite Restaurant Group, Inc.
Initial Public Offering
$92.9 Million


Baird served as a bookrunner on this offering


Ignite Restaurant Group, Inc. (“Ignite” or the “Company”) (NasdaqGS: IRG), a portfolio company of J.H. Whitney Capital Partners, recently completed an initial public offering of 6,634,615 shares of its common stock at a price of $14.00 per share, generating gross proceeds of approximately $92.9 million. Of the shares offered, 6,438,087 were sold by Ignite and 196,528 were sold by selling shareholders of the Company. The Company intends to use the net proceeds from the primary shares offered to prepay a portion of the Company’s existing senior secured credit facility and for other general corporate purposes.

Ignite operates two restaurant businesses, Joe’s Crab Shack and Brick House Tavern + Tap. Each restaurant business offers a variety of high-quality foods in a distinctive, casual, high-energy atmosphere across a diverse set of markets in the United States. Joe’s Crab Shack is an established, national chain of casual seafood restaurants offering a variety of high quality seafood items with an emphasis on crab. Brick House Tavern + Tap is a casual restaurant business that provides guests a differentiated “gastro pub” experience by offering a broad selection of high quality, chef-inspired, contemporary tavern food and other American fare. As of March 26, 2012, Ignite owned and operated 122 Joe’s Crab Shack and 16 Brick House Tavern + Tap restaurants in 31 states.

For additional information about this transaction, please contact:
Managing Director
312-609-4923
Managing Director
414-765-7262
Managing Director
415-627-3215
Managing Director
414-298-7648

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