Deal Details
Follow-On Offering
Summary
Baird served as an active bookrunning manager on this offering.
About
Zoe’s Kitchen, Inc. (“Zoës Kitchen” or the “Company”) (NYSE: ZOES), a portfolio company of Brentwood Associates, recently completed a follow-on offering of 4,500,000 shares of common stock at a price of $30.25 per share, generating gross proceeds of approximately $136.1 million. All of the shares were offered by selling stockholders, except for 94,100 shares offered by the Company, the proceeds of which will be used by the Company to repurchase the same number of shares from certain of its officers. In addition, the underwriters have the option to purchase an additional 675,000 shares from certain selling shareholders.Zoës Kitchen is a fast casual restaurant concept serving a distinct menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern Hospitality. The Company aims to deliver goodness to its customers by providing simple, tasty and fresh Mediterranean meals, inspired by family recipes and made from scratch daily. Founded in 1995 and headquartered in Plano, Texas, Zoës Kitchen operates 124 restaurants across 15 states.
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- Date
- August 2014
- Company
- Zoe’s Kitchen, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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