Bruin Biometrics raises $10 million round

Bruin Biometrics_logoBruin Biometrics in Los Angeles has raised a $10 million financing round, as reported by FierceMedicalDevices.

Plans call for using the money to help market existing products, finish clinical trials and continue R&D work. The funding came from a mix of private equity, angel investors and high net worth individuals, a spokesperson said.

February 27th, 2014|Categories: Client News|Tags: , , |

Brentwood makes science of creating powerhouse brands

brentwood-coverLos Angeles-based private equity firm Brentwood Associates has made a science of spotting lesser-known consumer concepts with staying power and turning them into more profitable powerhouse brands, increasing demand with fine-tuned marketing and broader distribution, as reported in “Bold Vision,” the cover story for January’s Middle Market Growth magazine.

The portfolio companies held for more than a year in Brentwood’s fourth fund have averaged 127 percent growth since the firm acquired them.

“The founders (of the portfolio companies) come up with unbelievably cool ideas and they execute the heck out of them, grow the business, and develop a relationship with their customers that is just really unique,” says Bill Barnum, managing partner and co-founder of Brentwood. “But most of them aren’t professional managers. They’re entrepreneurs.”

January 7th, 2014|Categories: Client News|Tags: , , , |

Brentwood Associates sells Pizza Hut, Taco Bell franchisee to Nimes Capital

BrentwoodConsumer-focused private equity investment firm Brentwood Associates sold Pacific Island Restaurants Inc. to Nimes Capital last week, reported The Daily Journal. Honolulu-based Pacific Island Restaurants is the sole franchisee of Pizza Hut and Taco Bell restaurants throughout Hawaii, Guam and Saipan. The deal closed at the end of December, eight years after Brentwood purchased the company. Terms of the deal weren’t disclosed.

Brentwood’s managing director, Rahul Aggarwal, called the transaction a “successful investment,” reported The Daily Journal’s Connie Lopez. During the time Brentwood owned Pacific Island Restaurants, the company implemented call centers in the Pizza Hut system, opened six new restaurants and acquired six more.

2012 was a busy year for Brentwood Associates. In addition to selling Pacific Island Restaurants, Brentwood sold three other portfolio companies: Array Marketing Group, Filson Holdings and Ariat International.

Brentwood Associates announces sale of Pacific Island Restaurants

BrentwoodBrentwood Associates, a leading consumer-focused private equity investment firm, announced today it has completed the sale of Pacific Island Restaurants, Inc., to Nimes Capital, LLC.  PIR is the sole franchisee of Pizza Hut and Taco Bell throughout Hawaii, Guam and Saipan.  Terms of the transaction were not disclosed.

Since acquiring PIR in 2004, Brentwood has worked with the PIR management team to help them build upon their very strong market positions in both brands.  The Company implemented one of the most successful call centers in the Pizza Hut system, while also opening six new restaurants and acquiring six restaurants.  They have been able to capitalize on the strength of the Taco Bell and Pizza Hut brands to drive what has been a very successful investment.

Anthony Choe, Partner at Brentwood, commented, “The PIR management team under Henry Katsuda ‘s leadership has done a tremendous job executing on the company’s growth initiatives.  We are confident the company will continue to thrive under new ownership.”

Rahul Aggarwal, Managing Director at Brentwood, added, “PIR is one of the elite operators in the YUM! system, with incredible employee tenure and loyalty at all levels of the organization.  It’s been a true pleasure working with them and our partners at YUM!”

Commenting on PIR’s partnership with Brentwood, CEO Henry Katsuda said, “Brentwood has been an extremely supportive partner, providing us with the resources necessary for us to continue to build upon our success.  We feel very well positioned for the future ahead with our new partners at Nimes.”

The exit of PIR marks the latest in what has been an active year for Brentwood.  The firm has successfully exited three other investments in 2012:  Array Marketing Group, Filson Holdings and Ariat International.  In addition, Brentwood also acquired two high-growth, multi-channel lifestyle brands: Soft Surroundings and Sundance.

Harris Williams & Co. acted as the exclusive advisor to PIR.