News
January 11, 2008
Norwest Mezzanine Partners Invests in Coastal QSR Holdings, LLC
Norwest Mezzanine Partners invested $5.5 million of senior subordinated debt and $5.4 million of equity in Coastal QSR Holdings, LLC, a YUM! Brands franchise that owns and operates 45 Taco Bell and YUM! multi-branded restaurants concentrated in the Tampa, Ft. Myers and Palm Beach, FL markets.
Prometheus Partners, through its fund Prometheus Partners III, served as the private equity sponsor for this transaction. Visit www.prometheuspartners.com for more information.
NMP Contact: Shani Graber, 612-215-1694, sgraber@nmp.com
Norwest Mezzanine Partners provides value-added growth capital directly to middle market businesses and indirectly to the shareholders and managers of those businesses. The group's proven team has the expertise, the innovation and the resources required to make long-term, middle-market investments that lead to solid results. With $650 million in capital under management, NMP is a leading mezzanine debt provider for investments initiated by private equity sponsors. Visit NMP's Web site at www.nmp.com.
For more information about NMP or this release, please contact:
Heather Goodwin, Marketing Director
612.215.1676