VRA Partners, LLC is pleased to announce that Hojeij Branded Foods, LLC (“HBF” or the “Company”), one of the leading and fastest-growing operators of food and beverage concessions in U.S.-based airports, has completed a recapitalization with Morgan Stanley Global Private Equity (“MSPE”). MSPE will partner with the Company’s co-founders and management, who will retain a significant ownership stake, to invest in future growth. VRA Partners acted as the exclusive financial advisor to HBF.
Since opening its first airport-based restaurant in Hartsfield-Jackson Atlanta International Airport in 1996, HBF has expanded to 13 major U.S. airports and now operates over 60 locations across 40 brands in 11 of the top 25 airports across the country. HBF has developed a national reputation for providing customer satisfaction by emphasizing operational execution and customer service, providing top-of-the-line food quality, and partnering with “in-demand” brands not traditionally found in airports. Management expects to continue its rapid growth over the next few years, opening additional leading restaurants in the country’s busiest airports.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com