Initial Public Offering

Consumer
Initial Public Offering

Summary

Baird served as a lead bookrunner on this offering.

About

The Habit Restaurants, Inc. (“The Habit” or the “Company”) (NASDAQ-GS: HABT), a portfolio company of KarpReilly, LLC, recently completed an initial public offering of 5,750,000 shares of common stock at a price of $18.00 per share, generating gross proceeds of approximately $103.5 million. The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and continue to support its growth, and for working capital and other general corporate purposes.

The Habit is a fast casual restaurant concept that specializes in preparing fresh, made-to-order char-grilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. The first Habit opened in Santa Barbara, California in 1969. The Habit has since grown to over 100 restaurants in 10 markets throughout California, Arizona, Utah and New Jersey. The Company is headquartered in Irvine, California.

For additional information about this transaction, please contact:

Chris Sciortino +1 (312) 609-4923
Greg Ingram +1 (414) 298-7838
Owen Hart +1 (415) 627-3273
Chris Coetzee +1 (312) 609-4913
Maria Watts +1 (312) 609-4743
Mike Wilcox +1 (414) 298-5999
Consumer
Initial Public Offering
Date
November 2014
Company
The Habit Restaurants, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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