Cary Street Partners To Acquire RIA Business from Atlantic Union Bank Read More

Cary Street Partners LLC Advises Fadó Pubs, Inc. on its Recapitalization and Management-Led Buyout

ATLANTA, GA – May 29, 2013 – Cary Street Partners LLC is pleased to announce that it has served as the exclusive financial advisor to Fadó Pubs, Inc. (“Fadó” or the “Company”), a premier Irish pub and restaurant operator, in its management-led buyout and arranged the capital to finance the transaction.  The Company used the senior debt raised, along with cash on its balance sheet, to purchase a large block of equity owned by a non-management shareholder, to refinance an existing senior debt facility and to provide ample reserves for opening new pubs as opportunities in attractive markets arise.  Fifth Third Bank provided senior debt financing for the transaction.  Terms were not disclosed.

“This is the culmination of a multi-year process to create real value and liquidity for our early shareholders.  Now, as a management-owned company, the team is focused on profitably growing the Fadó and Tigín brands as well as complementary opportunities within the pub sector,” says Kieran McGill, President and CEO.  “Cary Street Partners has advised us along the way.  Their commitment, experience in the restaurant sector and diligence through a complicated and dynamic process was evident,” McGill added.

About Fadó Pubs, Inc.

Headquartered in Atlanta, Georgia, Fadó Pubs, Inc. is the premier Irish pub and restaurant operator in the United States.  Fadó operates 14 locations, primarily in urban city centers in major metropolitan markets.  Fadó delivers genuine Irish hospitality, a commitment to people, the highest standards of quality, and a convivial environment to enjoy Irish-style craic.  The Company supports two brands: (i) Fadó, which is the Company’s lead brand and (ii) Tigín which is used in smaller retail footprints and non-traditional locations such as hotels and airports.  Additional information about Fadó can be found at www.fadoirishpub.com.

About Cary Street Partners

Cary Street Partners provides objective investment banking and wealth management solutions to successful individuals, institutions and companies from its Southeastern base. The investment banking team provides a broad range of services including merger and acquisition advisory services, private placements of debt and equity capital, and strategic and financial advice to management teams and boards of directors of emerging growth and middle market public and private companies across a variety of industries. Cary Street Partners is the trade name used by two separate limited liability companies, Cary Street Partners Investment Advisory LLC, a registered investment advisor; and Cary Street Partners LLC, a registered broker-dealer and a member of FINRA and SIPC.

For more information about this transaction or Cary Street Partners LLC’s investment banking group, please contact Charlie Hurt at (404) 974-4982 or Elizabeth Head at (404) 974-4983. Additional information about Cary Street Partners can be found at www.carystreetpartners.com.