We are pleased to announce the successful completion of our valuation analysis and financial advisory services for the largest minority shareholder group of TS Restaurants.
TS Restaurants is comprised of 13 upscale-casual waterfront restaurants located in Hawaii and California and operate under the concept names of Duke's, Duke's Beach House, Hula Grill, Kimo's, Leilani's on the Beach, Keoki's Paradise, Jake's Del Mar, Sunnyside Restaurant and Lodge, and Sandy's Beach Grill. The TS Restaurant Companies' focus and key to their success is in their people with the spirit of Aloha.
Advising the family of the Company's late cofounder, Coil completed a valuation of TS Restaurants and related entities. The valuation and our advisory services supported the process leading to the buyout of the minority ownership interests among the family. Patty Thibaut, wife of the late co-founder Rob Thibaut, stated, "the family is really excited to move forward with the new plan. Having my children take over my shares has always been my dream. Now that they are back in the TS future, I believe everyone will benefit." The completion of this transaction represents another milestone for Coil Partners as we continue to deliver transaction based advisory services that address a range of corporate finance options including growth financings, recapitalizations, mergers & acquisitions, valuations, financial advisory and independent sponsored buyouts.