Consumer Services & Retail
Disruptive Restaurant Group has been Recapitalized by Feenix Venture Partners
Published October 31, 2023
CLA Meridian Capital (“CLA Meridian Capital”), a leading independent middle market investment bank and M&A advisory firm is pleased to announce the closing of a successful recapitalization of one of its clients, Disruptive Restaurant Group, a part of sbe Entertainment (“Disruptive Restaurant Group”, “sbe”, or the “Company”) by Feenix Venture Partners (“Feenix”).
sbe is a leading lifestyle hospitality company that develops, manages and operates world-class restaurants, lounges and nightclubs. As part of Sam Nazarian’s plan for the company’s expansion and growth, sbe has partnered with Feenix Venture Partners on a $25MM credit facility to expand its footprint of iconic restaurants and lounges.
sbe is rapidly growing its footprint throughout Los Angeles with a series of upcoming flagship openings. Two of the world’s biggest entertainment platforms, sbe and Resorts World’s Zouk Group, are coming together to disrupt Los Angeles nightlife forever with the opening of Zouk LA in early 2024. sbe is also bringing its Casa Dani & Katsuya’s Mediterranean and Japanese experiences to a flagship culinary epicenter in Los Angeles at Westfield Century City, with more exciting announcements and brand launches to follow soon. Additionally, two industry veterans recently joined sbe and subsidiary company, Disruptive Restaurant Group: Justin Fowler, COO of Disruptive Restaurant Group, formerly with Starr Restaurants, and Anthony Meidenbauer, VP of Development, formerly with Tao Group Hospitality.
Patrick Ringland, Principal and Managing Director at CLA Meridian Capital, stated “Sam and his team have built an outstanding platform and we were honored to represent them in this transaction as they enter a new stage of growth. It was a pleasure to work with Michael and Feenix, and we are excited to watch what they and the sbe team are able to accomplish together.”
Sam Nazarian, Founder & CEO, sbe, stated, “We are thrilled to launch this next chapter in sbe’s storied history with a partner like Feenix by our side. They, along with our partners at CLA Meridian Capital, have demonstrated excitement and eagerness to help us expand our portfolio with a clear alignment on our vision for both rapid and strategic growth.”
Michael Siegel, Managing Director at Feenix Venture Partners, stated, “sbe and Sam Nazarian have been at the forefront of lifestyle hospitality for twenty years and have developed many marquee restaurants. Feenix is excited to partner with sbe to support their numerous growth initiatives and cannot wait to experience their new concepts and upcoming locations. The whole CLA Meridian Capital team was a pleasure to work with and assisted in making this transaction as smooth as possible.”
CLA Meridian Capital served as the exclusive financial advisor to Disruptive Restaurant Group on the transaction. Paul Hastings served as legal counsel and Baker Tilly provided accounting and tax services to Disruptive Restaurant Group.
For additional information, please contact one of the members of the transaction team:
Patrick Ringland
Principal & Managing Director
pringland@meridianib.com.com
(206) 224-6155
Benton Sturt
Director
bsturt@meridianib.com
(206) 224-6159
Kendell Jensen
Sr. Analyst
kjensen@meridianib.com
(425) 420-7270
For more information, please contact:
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
