Maryville, TN — RTI Holding Company, LLC ("Ruby Tuesday" or the "Company") has emerged from bankruptcy through a consensual plan of reorganization under which the Company will be acquired by its lenders, TCW Direct Lending LLC ("TCW") and Goldman Sachs Specialty Lending Group, L.P. ("GS"). FocalPoint Securities, LLC ("FocalPoint") acted as the Company's exclusive financial advisor in connection with this transaction.
Founded in 1972, Ruby Tuesday owns, operates, and franchises over 200 full-service, casual dining restaurants domestically and internationally. The Company enjoys a longstanding reputation and loyal customer base, a result of its 45+ years of focus on quality, gracious hospitality, and fresh food at attractive price points.
Managing Director Richard NeJame, member of FocalPoint's Special Situations leadership team in New York, stated, "While the Chapter 11 process is always a challenge, navigating the process in the operating environment imposed by COVID makes this outcome even more welcomed for Ruby Tuesday, its employees, and other constituents. We commend and congratulate the management team and our colleagues at Pachulski, Stang, Ziel & Jones and CR3 Partners on Ruby Tuesday's successful emergence."
Managing Director Robert Woolway, member of FocalPoint's "farm-to-fork" Food and Restaurant leadership team, commented, "Ruby Tuesday's enduring brand is well-positioned to thrive and expand, as the casual dining segment recovers in the aftermath of COVID."
About Ruby Tuesday
Founded in 1972 in Knoxville, Tennessee, Ruby Tuesday is dedicated to delighting guests with exceptional casual dining experiences that offer uncompromising quality paired with passionate service every time they visit. The company currently owns, operates, and franchises casual dining restaurants in the United States, Guam, and five foreign countries under the Ruby Tuesday® brand. For more information, visit www.rubytuesday.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm provides global advisory services to a variety of middle-market clients and has a dedicated Food and Restaurant practice. To learn more, visit focalpointllc.com and follow us on LinkedIn and Twitter.
Please contact Richard NeJame, Managing Director, at 646-343-9847, or Robert Woolway, Managing Director, at 310-405-7080, for more information regarding this transaction.