Bravo Brio Restaurant Group, Inc. Announces Pricing of Its Initial Public Offering
October 21, 2010
COLUMBUS, Ohio, Oct. 21, 2010 (GLOBE NEWSWIRE) — Bravo Brio Restaurant Group, Inc. (Nasdaq:BBRG) (“BBRG”) today announced that it has priced an initial public offering of 10,000,000 shares of BBRG’s common stock at $14.00 per share. BBRG will offer 5,000,000 shares and certain selling shareholders will offer 5,000,000 shares. BBRG will not receive any proceeds from the sale of shares by the selling shareholders. The shares are expected to be listed today, October 21, 2010, on the Nasdaq Global Market under the symbol “BBRG.” The closing of the offering is expected to occur on October 26, 2010, subject to the satisfaction of customary closing conditions. The underwriters will be granted a 30-day option to purchase an additional 1,500,000 shares of BBRG’s common stock from the selling shareholders to cover over-allotments, if any.
The selling shareholders include affiliates of three private equity firms, Bruckmann, Rosser, Sherrill & Co. Management, L.P., Castle Harlan, Inc. and Golub Capital.
Jefferies & Company, Inc., Piper Jaffray & Co. and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering. The co-managers are KeyBanc Capital Markets Inc. and Morgan Keegan & Company, Inc. The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained by contacting Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, Attention: Syndicate Prospectus Department, or by calling toll-free 888-449-2342; Piper Jaffray & Co., Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, or by calling toll free 800-747-3924 or by email to [email protected]; or Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling toll-free 800-326-5897 or by email to [email protected]. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission’s Web site at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.
About Bravo Brio Restaurant Group, Inc.
Bravo Brio Restaurant Group, Inc. is a leading owner and operator of two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. BBRG has positioned its brands as multifaceted culinary destinations that deliver the ambiance, design elements and food quality reminiscent of fine dining restaurants at a value typically offered by casual dining establishments, a combination known as the upscale affordable dining segment. Each of BBRG’s brands provides its guests with a fine dining experience and value by serving affordable cuisine prepared using fresh flavorful ingredients and authentic Italian cooking methods, combined with attentive service in an attractive, lively atmosphere. BBRG strives to be the best Italian restaurant company in America and is focused on providing its guests an excellent dining experience through consistency of execution.
Bravo Brio Restaurant Group, Inc.