Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Sell Side Advisor | Financial Advisor
Duff & Phelps' Restaurant M&A Advisory Team Advised SOL and solita on its Sale to Xperience Restaurant Group
In November 2019, Xperience Restaurant Group ("XRG" or the "Company"), one of the largest operators of full-service Mexican restaurants based in California and an affiliate of Z Capital Group ("Z Capital"), announced the acquisition of casual and upscale-casual brands SOL Mexican Cocina and solita Tacos & Margaritas.
Duff & Phelps served as exclusive financial advisor to SOL Mexican Cocina and solita Tacos & Margaritas in connection with the transaction.
About SOL Mexican Cocina and solita Tacos & Margaritas
SOL Mexican Cocina was founded 10 years ago in Southern California and has grown to four locations in upscale areas of Newport Beach, Scottsdale, Playa Vista, and Denver. SOL's kitchens feature a unique spin on fresh, healthy, coastal Mexican food, lovingly made from scratch. Its sister brand, solita Tacos & Margaritas, was founded in 2014 as a slightly more casual take on SOL. Solita has two Southern California locations in Huntington Beach and Valencia and focuses on great Mexican food, dynamite margaritas, and embodying Southern California's laid-back lifestyle.
About Xperience Restaurant Group
Headquartered in Cypress, California, Xperience Restaurant Group is one of the nation's leading operators of casual, polished casual, and fine dining brands. XRG concepts include Acapulco, Chevys Fresh Mex, El Torito, El Torito Grill, Las Brisas, Who Song and Larry's, Sinigual, and now, SOL and Solita.
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