Comvest Credit Partners ("Comvest"), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $115 million senior secured credit facility (the "Financing") for Pollo Tropical (the "Company"), a Miami-based fast-casual restaurant chain. The Financing supported the take-private acquisition of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI), the publicly traded parent company of Pollo Tropical, by Authentic Restaurant Brands, a portfolio company of Garnett Station Partners ("Garnett Station"). The financing also provides committed capital to support the ongoing operations of th

Authentic Restaurant Brands ("ARB"), a portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), a New York-based principal investment firm, today announced the completion of its previously announced acquisition of Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® restaurant brand. "Our distinct vision for Pollo Tropical is to amplify the fundamental aspects of the brand that customers love and expand its capabilities to deliver high-quality, affordable food in a casual setting," said Alex Macedo, Chairman of Authentic Restaurant Brands. "ARB's extensive knowledge of regional restaurant markets and experti

Acquisition by Authentic Restaurant Brands Expected to Close in the Fourth Quarter of 2023 Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® restaurant brand, today announced the expiration of the 30-day "go-shop" period under the terms of the previously announced merger agreement pursuant to which Authentic Restaurant Brands ("ARB"), a portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), will acquire Fiesta in an all-cash transaction. The "go-shop" period expired at 12:01 a.m. Eastern Time on September 5, 2023. Pursuant to the merger agreement, Fiesta's Board of Directors, with the assistance of it

Raymond James reiterated coverage of Fiesta Restaurant Gr with a rating of Outperform and set a new price target of $15.00 from $17.00 previously

Raymond James reiterated coverage of Fiesta Restaurant Gr with a rating of Outperform and set a new price target of $17.00 from $18.00 previously

Stephens initiated coverage of Fiesta Restaurant with a rating of Overweight and set a new price target of $17.00

4 - Fiesta Restaurant Group, Inc. (0001534992) (Issuer)

4 - Fiesta Restaurant Group, Inc. (0001534992) (Issuer)

4 - Fiesta Restaurant Group, Inc. (0001534992) (Issuer)

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EFFECT - Fiesta Restaurant Group, Inc. (0001534992) (Filer)

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Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® brand, today announced that the Board of Directors has appointed Dirk Montgomery as its permanent President and Chief Executive Officer, effective April 13, 2023. Mr. Montgomery has served as Interim Chief Executive Officer since December 8, 2022 and previously served as Chief Financial Officer since September 9, 2019. "The Board and I are confident that Dirk is ideally suited to serve as our President and CEO," said Stacey Rauch, who chairs the Company's Board of Directors. "We believe that his deep knowledge of the Pollo Tropical brand and its operations from having served as o

Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® brand, today announced that Richard "Rich" Stockinger has stepped down from his role as the Company's Chief Executive Officer and President to pursue other interests, effective immediately. Dirk Montgomery, Fiesta's Chief Financial Officer since 2019, will serve as interim CEO while the Company searches for a permanent chief executive. "We thank Rich for his nearly six years of service with Fiesta," said Stacey Rauch, who chairs the Company's board. "He built a superb senior team and skillfully led the Company through an era of difficult challenges. We wish him the best." Richard

Fiesta Stockholders to Receive Significant, Immediate and Certain Value of $8.50 per Share in Cash Fiesta's Pollo Tropical Restaurants to Join Garnett Station's Authentic Restaurant Brands Platform Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® restaurant brand, and Authentic Restaurant Brands ("ARB"), a portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), a New York-based principal investment firm, today announced that they have entered into a definitive agreement under which a wholly owned subsidiary of ARB will acquire the Company in an all cash transaction. ARB is a holding company with a p

First Quarter 2023 Comparable Restaurant Sales Growth of 9.7% vs. First Quarter 2022 First Quarter 2023 Positive Comparable Transaction Growth of 1.0% vs. First Quarter 2022 April 2023 Positive Comparable Transaction Growth of 1.1% vs. April 2022 Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® restaurant brand, today reported results for the 13-week first quarter, which ended on April 2, 2023, and provided a business update related to current operations. Fiesta President and Chief Executive Officer Dirk Montgomery said, "Our focus on building traffic is gaining momentum, as we generated first quarter year-over-year compa

Participation at the EF Hutton Global Conference on May 11, 2023 Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI), parent company of the Pollo Tropical® fast-casual restaurant brand, today announced that it will host a conference call to review first quarter 2023 results on Wednesday, May 10, 2023 at 4:30 P.M. ET. A press release containing first quarter 2023 results will be issued after market close that same day. The conference call can be accessed live over the phone by dialing 412-542-4158 which will be answered by an operator or by clicking Call me™: Link. The passcode is 4172178. The conference call should be accessed at least 10 minutes prior to its schedul

SC 13D/A - Fiesta Restaurant Group, Inc. (0001534992) (Subject)

SC 13D/A - Fiesta Restaurant Group, Inc. (0001534992) (Subject)

SC 13D/A - Fiesta Restaurant Group, Inc. (0001534992) (Subject)