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C.W. Downer & Co. Advises Danu Partners on the Acquisition of The Smith & Wollensky Restaurant Group, Inc.

BOSTON, April 6, 2016 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Irish private investment firm Danu Partners has acquired Boston-based Smith & Wollensky Restaurant Group, Inc. (“SWRG”). The transaction closed on March 4, 2016 and the value was not disclosed.

Founded in 1977 and headquartered in Boston, MA, Smith & Wollensky is a high-end high-volume American steakhouse brand with seven locations in major cities across the US and one in the UK. Through this acquisition, Danu takes ownership of the Smith & Wollensky restaurants other than the New York location, and will also acquire worldwide licensing rights to the Smith & Wollensky brand.

In June 2015, Danu partnered with the SWRG team to open the first international location of Smith & Wollensky in London. The new owners plan to expand the brand’s global footprint and remodel many of the existing US restaurants. Danu also sees opportunities to further develop the Wollensky’s Grill concept, a more casual style dining format with an approachable atmosphere.

Leonard Ryan, one of three Principals at Danu, said in a company statement, “Together with the SWRG team we recently launched the first international expansion of Smith & Wollensky in London. In that partnership, we grew to appreciate the quality and integrity behind the people and the brand. It has incredible equity and enormous potential internationally.”

"We congratulate Danu on the acquisition of these Smith & Wollensky restaurants," said Philip Smith, Managing Director with C.W. Downer & Co. "From the outset it was clearly evident that Danu and SWRG management shared a common vision for growth and investment and this alignment led to a successful outcome."

"It was a pleasure for us to advise on a transaction involving such a well-known and respected brand as Smith & Wollensky," said David Waldstein, Vice President with C.W. Downer & Co. "This deal marks yet another example of the strength of our cross-border capabilities."

The C.W. Downer & Co. team assisting Danu Partners with the acquisition included Paul Colone (Managing Director & Partner), Philip Smith (Managing Director), David Waldstein (Vice President) and Nick Bovi (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Additional Information:

Paul Colone
Managing Director and Partner
This email address is being protected from spambots. You need JavaScript enabled to view it. +1 617 482 6200

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