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Comvest Credit Partners Leads Dividend Recapitalization of Another Broken Egg

March 14, 2022, 07:02 AM
Filed Under: Restaurant

Comvest Credit Partners acted as Administrative Agent in providing a senior secured credit facility to Another Broken Egg, an Orlando, FL-based restaurant operator and franchisor of full-service daytime-only cafes. The Financing was used to support a dividend recapitalization and future growth of the Company by The Beekman Group.

Founded in 1996, Another Broken Egg has become one of the leading daytime restaurant concepts in the fast-growing upscale breakfast category, managing 80 company-owned and franchised Another Broken Egg Cafe locations in 15 states nationwide, with 20 new locations in various stages of development. The chain offers innovative menus of southern-inspired dishes, from breakfast classics to brunch specialties, and warm hospitality.

“Comvest has remained actively focused on the restaurant vertical through all market cycles,” said Nick McClelland, Managing Director, at Comvest. “We are excited to deepen our commitment to the casual dining segment, specifically to full-service daytime dining.”

“This transaction underscores Comvest’s deep capabilities and expertise in structuring creative debt solutions to help fast-growing restaurant operator-franchisors like Another Broken Egg accelerate their expansion,” said Dan Lee, Partner, at Comvest. “We look forward to further developing our relationship with The Beekman Group in support of Another Broken Egg’s continued growth.”

Another Broken Egg was named Breakout Franchise Brand of the Year in 2020 by FSR Magazine, which covers the full-service restaurant industry.

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