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Investors complete acquisition of Smith & Wollensky
By Lisa Kerner
Charlotte, N.C., Aug. 29 - The Smith & Wollensky Restaurant Group, Inc. has been acquired by a consortium including Bunker Hill Capital, LP, Nick Valenti and Joachim Splichal in a deal first announced on May 6.
An acquisition vehicle formed by the group acquired Smith & Wollensky in a go-private, all-cash merger worth $11 per share, a company news release stated.
"This opportunity represents an ideal investment for our firm," Bunker Hill managing partner Mark DeBlois stated in the release.
New York-based Smith & Wollensky operates restaurants in eight cities.
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