Highlight Deals

Consumer & Retail

Ignite Restaurant Group, Inc. (NasdaqGS:IRG) (“the Company” or “Ignite”) has acquired Romano’s Macaroni Grill (“Macaroni Grill”) for approximately $55 million in an all-cash transaction from Golden Gate Capital, management and other investors.

KeyBanc Capital Markets Inc. successfully advised Ignite Restaurant Group, Inc. (NasdaqGS:IRG) on its acquisition of Romano’s Macaroni Grill. Additionally, KeyBank National Association served as joint lead arranger and joint bookrunner on a new upsized credit facility to finance the transaction. The transaction closed on April 9, 2013.

KeyBanc Capital Markets acted as exclusive buy-side advisor to Ignite and provided a fairness opinion to Ignite’s Board of Directors. Additionally, KeyBank National Association served as joint lead arranger and joint bookrunner on a new upsized credit facility.

Ignite Restaurant Group, Inc.

Ignite Restaurant Group, Inc. owns and operates 131 Joe's Crab Shacks and 15 Brick House Tavern + Taps. Each brand offers a variety of high-quality, chef-inspired food and beverages in a distinctive, casual, high-energy atmosphere. Joe's Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States. Ignite, a publicly traded company, is 68% owned by J.H. Whitney.


Industrial

KeyBanc Capital Markets advised on the successful sale of Citadel Plastics Holdings, Inc. a portfolio company of Wind Point Partners to Huntsman Gay Global Capital, LLC.  KeyBanc Capital Markets also acted as Joint Lead Arranger, Joint Bookrunner and Syndication Agent on $185 million of Senior Secured Credit Facilities utilized to support the acquisition of Citadel by Huntsman Gay.  Citadel and Wind Point engaged KeyBanc Capital Markets to serve as sell-side advisor based on our specialty chemicals industry expertise, relevant buyer insight and dedicated financial sponsor commitment to Wind Point.

Citadel Plastics Holdings, Inc.

Citadel is the world's largest manufacturer of bulk molding compound thermosets and one of the largest North American thermoplastic compounders.  The company markets its broad portfolio of proprietary products under well recognized brand names such as BMCI, Matrixx and QTR, which have become synonymous with the highest standards of quality, service and performance within the industry.

Oil & Gas

KeyBanc Capital Markets (“KBCM”) successfully priced $350 million of 5.5% Senior Unsecured Notes (the "Notes") for Kodiak Oil & Gas Corp. (“Kodiak” or the “Company”). The Notes were issued in order to facilitate repayment of the Company's existing senior secured credit facility (the "Senior Secured Credit Facility"). This transaction represents the Company’s third high-yield offering in 14 months. KBCM acted as joint bookrunner on the Notes transaction.

Kodiak Oil & Gas

Headquartered in Denver, Colorado, Kodiak is an independent oil and gas company with operations focused in the core of the Williston Basin of North Dakota. The Company has a substantial leasehold position of 153,000 net acres prospective for the Bakken and Three Forks formations. In December 2012, Kodiak achieved a production rate of 29,000 Boe per day (net). As of June 30, 2012, the Company had total proved reserves of 70.1 MMBoe, with a drilling inventory of over 11 years and over 800 net wells.

Real Estate

Retail Properties of America, Inc. is a fully integrated real estate company that owns and operates high quality, strategically located shopping centers. The Company’s properties are primarily located in retail districts within densely populated areas in highly visible locations with convenient access to interstates and major thoroughfares. As of December 31, 2011, RPAI owned 259 retail properties across 35 states comprising 34.6 million square feet. The Company also holds interests in 12 office properties, three industrial properties, one non-stabilized retail property, 24 retail properties held by three unconsolidated joint ventures, and three retail properties under development.

Retail Properties of America, Inc.

KeyBanc Capital Markets acted as Joint Bookrunner as Retail Properties of America, Inc. priced a 36.570 million primary share Initial Public Offering generating gross proceeds of $292.6 million. The proceeds from the offering will be used to paydown debt and acquire a minority partner’s 23.0% interest in 55 of the Company’s properties.  In addition, KeyBanc Capital Markets is currently Co-Lead Arranger and Administrative Agent on the Company’s $650 million senior unsecured credit facility.

Utilities, Power & Renewables

KeyBanc Capital Markets acted as Joint Lead Arranger and Co-Documentation Agent on $548 million of Senior Secured Credit Facilities utilized to support Terra-Gen Power, LLC Alta X & XI wind farms. Alta X & XI represent the 10th and 11th phases of Terra-Gen’s Alta Wind Energy Center, a 1,550 MW wind development project in California’s Tehachapi region contracted with Southern California Edison (A3 / BBB+ / A-) under separate but identical 23-year PPAs. Alta X & XI account for a combined 226.5 MW of capacity. The Projects will use a combination of GE 1.70 and GE 2.85 MW wind turbine generators and expect to begin operations by the end of 2013.

This represents KeyBanc’s third financing for Terra-Gen, with the two most recent as Lead Arranger. KBCM initially provided financing to Terra-Gen for the development of Alta VI & VIII in May 2011, followed by a financing transaction for Alta VII & IX in April 2012.

Terra-Gen Power, LLC

Terra-Gen Power, LLC is a privately held renewable energy company focused on owning, operating and developing utility-scale wind, geothermal, and solar generation. Terra-Gen owns 1,555 net MW of operating renewable power projects that were placed in service between 1984 and 2012. Terra-Gen is owned by ArcLight Capital Partners and Global Infrastructure Partners.

Healthcare Investment Banking

KeyBanc Capital Markets successfully advised on the recapitalization of Dynamic Dental Partners Group, LLC to Huron Capital Partners, LLC. Additionally, KeyBanc Capital Markets also advised Dynamic Dental on the acquisition of My Family Dental Centers, a dental group practice located in the greater Phoenix, Arizona region.

Dynamic Dental engaged KBCM to serve as exclusive financial advisor based on our deep knowledge of the dental practice management sector, relevant investor insight and middle market transaction expertise. KBCM executed a targeted marketing process focused on a select number of financial investors that delivered a premium valuation through a compressed timeline. Concurrent with the recapitalization process, KBCM also guided the Company through the transformative acquisition of My Family Dental Centers.

Dynamic Dental Partners

Founded in 2008 and headquartered in Sarasota, Florida, Dynamic Dental is one of the fastest growing DSOs in the United States. The Dynamic Dental was established with a clinically-focused philosophy that promotes quality patient care, high dentist retention, recurring patient flow and growing profitability of practices. The company supports affiliated dental practices in all non-clinical aspects of dentistry including staffing, patient scheduling, billing and collections, financial reporting and analysis, enabling associated dentists to focus exclusively on delivering high quality patient care. Dynamic Dental currently operates 31 locations in Florida, Arizona and Virginia and supports over 100 highly-trained dental professionals.