Situation

A leading restaurant chain with 1,400 stores, 95 percent of which are franchised, required increased access to equity financing in order to increase distribution outside of its 12 core states and also to provide a return of capital and exit strategy for its private equity sponsor. Given favorable stock market conditions, the client and its private equity sponsor decided to take the company public.

Solution

A NextLevel partner was appointed interim CFO following the resignation of the existing CFO. The accounting and finance team had already been struggling with high turnover, and the CFO change increased the pressure on an already challenging initiative. NextLevel worked closely with the company’s leadership team, its private equity sponsor, legal and accounting advisors to draft the S-1 filing with the SEC, as well as advise and support the client on public company readiness initiatives.

Results

  • The S-1 Filing proceeded on a smooth and timely trajectory, providing the client access to public company funding.
  • The client’s accounting and finance team was strengthened by new hires with public company experience, ensuring strong compliance with SEC and stock market listing requirements.

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