Romano's Macaroni Grill


 
Sale-leaseback of 39 properties in 13 states

8214 Westchester Drive
Ninth Floor
Dallas, Texas 75225
 
Phone: 214.696.3600
Fax: 214.696.9845


We work with our clients to help their businesses soar. Cardinal Capital has the flexibility and analytical skills to partner with companies from a wide range of industries. The following is a partial list of the clients that have turned to us for help in reaching their financial goals.

7-Eleven
A&P
• Academy Sports & Outdoors
Alabama Gas Company
Applebee's-IHOP
• Bank of America
• Barnes&Noble
Beckman Coulter
• Black&Decker
• Blockbuster
Boscov's Department Stores
Bruno's/BI-LO Stores
• Cingular Wireless (now AT&T)
• Circuit City Stores
• CompUSA
• Corporate Express
Dick's Sporting Goods
• Eckerd Corporation
• Firestone Tires
Fleming Companies, Inc.
• General Cinema Corporation
Georgia-Pacific Corporation
Hardee's Franchisee
• Huntington Bancshares
• Indiana Energy
• International Filing Company
• Long John Silver's
Macaroni Grill
Marsh Supermarkets
• McDonald's
• Neways
Nordea
• PETsMART
• Pier 1 Imports
• Randalls
Reuters Group PLC
Rite Aid Corp.
• Royal Ahold N.V.
• Sears, Roebuck & Co.
• Shaw's Supermarkets
Sovereign Bank
• Spiegel & Newport News
• Taco Bueno
• The Home Depot
TW Metals
• Unisource Worldwide
• Wal-Mart
• Washington Mutual
• Winn-Dixie

CASE STUDY
 
Macaroni Grill

Opportunity:
Golden Gate Capital of San Francisco sought a financial partner to help them acquire a majority stake in Romano's Macaroni Grill from Brinker International.

Cardinal Solution:
In late 2008, Cardinal Capital completed a sale-leaseback transaction with Brinker International and Golden Gate Capital. This sale-leaseback included 39 Romano's Macaroni Grill properties and provided Golden Gate Capital with the majority of the capital needed to acquire the operations of Macaroni Grill from Brinker. Cardinal Capital was able to successfully execute this transaction without the use of traditional financing and during a time in which the capital markets were experiencing extreme volatility.