Nashville, TN (June 3, 2016) – Reconstruction Partners proudly announces the acquisition of GiGi’s Cupcakes by an affiliate of FundCorp, Inc., the Ft. Worth based private equity group. Gigi’s Cupcakes is the largest cupcake franchise in the U.S. with more than 100 locations nationwide.
Reconstruction Partners was engaged by FundCorp to provide strategic and financial advice during the acquisition process. The extensive experience of the Reconstruction Partners team in the food service and hospitality industry was instrumental in helping bring about the successful conclusion of the deal.
Jim Phillips, Chairman, FundCorp Inc. stated that “We’ve worked with a number of quality investment bankers, but none more astute or capable than Wallace Hite. He and his team at Reconstruction Partners did an outstanding job facilitating the transaction”.
Wallace Hite, one of the founding members and managing partner at Reconstruction Partners, said, “We thoroughly enjoyed working with FundCorp and Gigi’s through this transaction, and we are excited to see the future success of Gigi’s as the brand continues to grow.”
About Reconstruction Partners
Reconstruction Partners, with offices in Nashville, TN and Phoenix, AZ is full service advisory company focused on chain restaurants, emerging restaurant brands, troubled companies and franchising. The principals of the company have over 120 years of combined industry experience, nearly 100 of which at the C-level. The partners consult, manage, raise capital and lead the purchase and sale of companies. For more about Reconstruction Partners visit www.Reconstructionpartners.com
About FundCorp, Inc.
FundCorp, Inc. (FCI) is the sponsor entity for two family offices which co-invests in small and medium-sized businesses with attractive growth prospects. FCI was formed in 2004 building on the founders’ successful track-record of funding and management of growth companies in both domestic and international markets. FCI targets viable businesses in need of professional management and capital. FCI bridges the gap from entrepreneurial or family ventures to stable, professional companies by installing professional management and securing appropriate capital structures. For more information about FundCorp, Inc. visit www.fundcorpinc.com
About GiGi’s Cupcakes
Founded in 2008 as a local boutique bakery in Nashville, TN, GiGi’s Cupcakes has grown into America’s largest cupcake franchise with over 100 locations nationwide. Gigi’s Cupcakes offers a wide variety of high-quality baked goods, including cupcakes, cakes, cookies and more. Recipes are created by founder Gina “Gigi” Butler whose American Dream Story has inspired people across the country. For more information about GiGi’s Cupcakes visit www.gigiscupcakesusa.com