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SPB Hospitality agrees to acquire J. Alexander's in $220M deal

SPB Hospitality Agrees to Acquire J. Alexander's Holdings Inc.

GHK Capital Partners LP Completes Recapitalization of Brown & Settle, Inc.

Share this article Share this article GREENWICH, Conn., March 1, 2021 /PRNewswire/ GHK Capital Partners LP ( GHK ), a Greenwich, Connecticut-based private equity firm pursuing control investments within the industrials sector, announced today that it completed the recapitalization ( the Recapitalization ) of Brown & Settle, Inc. ( B&S or the Company ). The Recapitalization valuation represents a greater than ten times gross return on investment for GHK and its investors, with gross cash realizations to date in excess of seven times the initial investment in the Company made less than two years ago. Pro forma for the Recapitalization, existing shareholders continue to own greater than 80% of the Company.

'Purgatory' Grips $146B of Distressed Commercial Properties

‘Purgatory’ Grips $146 Billion of Distressed Commercial Property The pandemic helped push about $146 billion of commercial real estate into distress or serious risk of bankruptcy last year, according to Real Capital Analytics. Bloomberg | Feb 25, 2021 (Bloomberg) Good news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties. The coronavirus outbreak helped push about $146 billion of commercial real estate into distress, serious risk of bankruptcy or default at the end of last year, concentrated in hotels and retail, according to data compiled by Real Capital Analytics, a commercial real estate data firm.