James Capital Advisors (JCA) has successfully closed the High Plains Pizza transaction of 82 Pizza Hut restaurants.
Grand Mere Restaurant Group (GMRG) a New York-based private equity firm, engaged JCA to market 31 properties as a portfolio sale-leaseback. GMRG also engaged JCA to source a structured financing program for the remaining 17 real estate assets. In total JCA provided over USD60 million in sale-leaseback and structured financing proceeds for GMRG.
“James Capital played an integral part in structuring our capital stack and executing a real estate strategy that maximised value for our company. I consider the James Capital team an essential part of our M&A strategy moving forward,” says Mike Cherney, principal and founder of Grand Mere Restaurant Group.
The firm exclusively represents several of the largest Pizza Hut franchisees in the country, including GMRG, ADT Pizza, and Quality Huts. This is the sixth such YUM! branded portfolio sale-leaseback completed by JCA in the last 12 months on behalf of some of the largest operators in the system, comprising more than 470 Pizza Hut locations.
