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Jillian’s Entertainment

Jillian’s Entertainment Holdings, Inc. ("Jillian’s") operated a variety of multi-venue restaurant/entertainment units (the “Restaurants”) similar in nature to Dave & Busters.​ Charlie advised the company on all aspects of the Chapter 11 case, including the sale of the business pursuant to section 363 of the United States Bankruptcy Code.​


RESULTS

  • Despite years of negative same-store comparables, Charlie was able to work with Jillian's management and the outside CRO to position the company for sale to two initial stalking horse bidders in a 363 sales process​.

  • After contacting over 250 potential buyers in the secondary sales and auction, bids were obtained from multiple qualified bidders.

  • Following an active auction involving the formation of multiple bidding teams, the Restaurants were sold to the original stalking horse bidders, at an increase of approximately $25 million over the original stalking horse price, a premium of over 70%.





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Asgaard is a division of Asgaard Capital LLC

1934 Old Gallows Road, Suite 350

Tysons Corner, VA 22182

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