sbe – a leading lifestyle hospitality company that develops, manages, and operates world-class restaurants, lounges, and nightclubs – recently announced that it has partnered with Feenix Venture Partners on a $25 million credit facility to expand its footprint of iconic restaurants and lounges. sbe was advised by leading independent middle market investment bank and M&A advisory firm Meridian Capital.
The company is rapidly increasing its footprint throughout Los Angeles with a series of upcoming flagship openings. And two of the world’s biggest entertainment platforms, sbe and Resorts World’s Zouk Group, are coming together to disrupt Los Angeles nightlife forever with the opening of Zouk LA in early next year. Plus, sbe is bringing Casa Dani & Katsuya’s Mediterranean and Japanese cuisines to a flagship culinary epicenter in Los Angeles at Westfield Century City, with more exciting announcements and brand launches to follow soon.
As part of Sam Nazarian’s plan for expansion and continued growth, two industry veterans recently joined sbe and subsidiary company, Disruptive Restaurant Group: Justin Fowler, COO of Disruptive Restaurant Group, formerly with Starr Restaurants, and Anthony Meidenbauer, VP of Development, formerly with Tao Group Hospitality.
KEY QUOTES:
“sbe and Sam Nazarian have been at the forefront of lifestyle hospitality for twenty years and have developed many marquee restaurants. Feenix is excited to partner with sbe to support their numerous growth initiatives and cannot wait to experience their new concepts and upcoming locations. The whole Meridian team was a pleasure to work with and assisted in making this transaction as smooth as possible.”
— Michael Siegel, Managing Director at Feenix Venture Partners
“We are thrilled to launch this next chapter in sbe’s storied history with a partner like Feenix by our side. They, along with our partners at Meridian, have demonstrated excitement and eagerness to help us expand our portfolio with a clear alignment on our vision for both rapid and strategic growth.”
— Sam Nazarian, Founder & CEO, sbe
“Sam and his team have built an outstanding platform and we were honored to represent them in this transaction as they enter a new stage of growth. It was a pleasure to work with Michael and Feenix, and we are excited to watch what they and the sbe team are able to accomplish together.”
— Patrick Ringland, Principal and Managing Director at Meridian
