Thompson Coburn represented a private equity fund in its recent acquisition of the Lion’s Choice restaurant chain. The transaction closed on September 3, 2013.
The new operating company, LC Corporate, LLC, is majority owned by FSM Fund I, L.P., an investment fund of Millstone Capital Advisors. The financial terms of the transaction were not disclosed to the public.
Founded in 1967 and headquartered in St. Louis, Lion’s Choice has developed a loyal customer base. The acquisition included the purchase of 15 company-owned and eight franchised restaurants throughout the St. Louis area.
A team of Thompson Coburn advised the investment fund on all aspects of the acquisition, including due diligence, transaction structure, contract negotiations and real estate matters. Partners Kim Eilerts, David Warfield, and Steve Garlock led work on the transaction, with support from Greg Patterson, Laura Corcoran, and Julie Hellmich.