Gulfstream Airlines1988, LauderdaleAmount undisclosed, View Complete Profile of Victory Park Capital, Katy Industries (Jul 2017), Surefire (Apr 2014), Surefire Industries (Apr 2014). (312) 649-5200, Violet Hour's rock star bartender schools us in making cocktails, In this list of best restaurants in the world, Chicago gets only one nod, Taxpayers will cover Potbelly's $10 million PPP loan, Sponsored Content: Roundtable on Family Law, Juice: Crain's daily take on power & politics, The Most Powerful Women In Chicago Business. The company currently generates around $100 million in revenue at 70 locations in nine states. Doug Naidus - CEO & Founder, World Business Lenders (WBL), #14. Later, Levy and his family settled in Cincinnati. Wheather you are a seasoned sales-pros or just getting your feet wet, this guide will help you close more business. All other data points as on May 31, 2021. Not the case? (Reuters) - Giordanos, the Chicago-based restaurant chain famous for the citys stuffed deep-dish pizza, is exploring selling itself, according to people familiar with the matter. Koutsogiorgas rose through the companys management ranks quickly and became Managing Partner. One of those was the Giordanos pizza chain, which Victory Park acquired in 2011 for $52 million. Buyouts Insider Mar 09, 2022 05:00:00AM, Copyright 2022 Institutional Link Incorporated. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. Under this new ownership, Koutsogiorgas was appointed Senior Vice President of Operations and Chief People Officer of Maggianos Little Italy. Eventually he got an M.B.A. [CDATA[ Do not sell my personal infoPrivacy PolicyContact UsRSS. In 1996, Brinker International, a publicly traded restaurant corporation (NYSE-EAT), with headquarters in Dallas, Texas, purchased Maggianos Little Italy. Marc Glazer - President & CEO, BFS Capital, #13. Among his investments is Camp Kesem, a nonprofit for children of parents with cancer, and PrivateBank Fire Pitch, a 140,000-square foot soccer facility on the North Side of Chicago, just two miles west of Wrigley Field, that hosts a Major League Soccer team, the Chicago Fire, along with amateur clubs and youth leagues, camps and clinics.

esgSubNav, Discover more about S&P Globals offerings, Differentiated Data to Make Informed Decisions, New Corporate Realities: Blending Geopolitics, Data, and Digital Transformation, ARIA Resort and Casino, Las Vegas, Nevada. He served as Vice President of Operations, with a focus on growing Maggianos. Report: Victory Park Capital to sell deep-dish pizza chain Giordano's, Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms, Making sanctions effective: Key themes for banks, Infographic 2022 Top Tech Trends Shaping Corporations. Firm, August Capital, Victory Park lead $20m AvantCredit financing round, Victory Park Capital names Jordan Allen as chief operating officer, Victory Park Capital completes fundraising for USD480m fund, The Morning Leverage: Planes, Trains And Formula One Automobiles, Victory Park Securities acquires Bowline Group, Hamilton Lane raises $590m for first infra secondaries, co-investment fund amid strong investor appetite, Israel Secondary Fund triples predecessor to close new fund on $312m, Pomona Capital soars past Fund X goal to reach over $2.4bn of commitments, Higher Oil Prices Have Yet to Lure Back Secondary Buyers, Institutional investment pair help Ares to initial $250m close for new secondaries fund, Alaska examines divestment of Russian private equity holdings, Amid pricing uncertainties, Lexington emerges as buyer of the CalPERS portfolio. Deep-dish pizza chain Giordanos LLC, or Giordano's, is set to be sold by its private equity backer Victory Park Capital Advisors LLC in the next few months, Crain's Chicago Business reported, citing Mergermarket. Possible bidders include sponsors seeking the iconic Chicago brand, which includeminority investors like former Chicago Bulls NBA player, Derrick Rose. There is no guarantee that your application will be approved by any of our lenders and all financial terms are negotiated directly between the borrower and the lender. September 14-15 It has around 50 restaurants, and is also in Florida. https://www.wsj.com/articles/DJFLBO0120150401eb41rnc0k. Renaud Laplanche - CEO & Founder, LendingClub.

Brayden McCarthy - Head of Policy & Advocacy, Fundera. Peter Renton - Founder, Lend Academy Media; Co-founder, LendIt Conference, #18. The Marker Hotel, San Francisco, October 20-21 On 28th July, 2021, our company's name was changed to Tracxn Technologies Limited. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Click below to see everything we have to offer. Yorgo Koutsogiorgas is the CEO of Giordanos, a Chicago based operator and franchisor of seventy restaurants, featuring the " Giordanos Famous Deep-Dish Pizza" along with a popular menu of contemporary Italian-inspired recipes. COVID claims the classic Chicago office skyscraper, Ald.

Noah Breslow - CEO, On Deck Capital, Inc. #7. Kathryn Petralia - COO & Co-founder, Kabbage.

In 1989, Yorgo Koutsogiorgas joined Lettuce Entertain You Enterprises (LEYE) a multi-concept restaurant company to lead the development team of a new concept, Papagus Greek Taverna. Under the new ownership Koutsogiorgas served as President and COO of Go Roma and expanded its operations to include six restaurants in the greater Chicago area. All quotes delayed a minimum of 15 minutes. // , #19. In early 1994, Koutsogiorgas was appointed Managing Partner and Vice President of Operations by the Board of Directors of LEYE. Therefore, nothing on this website should be construed as an offer or solicitation for financing of any kind. You should only be asked to sign in once. Don't have an account? Under Apostolous ownership, the restaurant filed for bankruptcy in 2011, blaming debt it took on for real estate investments. to run a sale process for the company, the people said this week. The company has spent over $ 52M for the acquisitions. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Richard Levy - CEO & Founder, Victory Park Capital Advisors LLC, #11. Copyright 2022 | Designed with [fa icon=heart"] by Morey Creative Studios, CEO & Founder, Victory Park Capital Advisors LLC, Top 10 Things You Should Know (And Do) Before Applying for a Business Loan Online. here to register, Not for publication, email or dissemination, Blackstone reaffirms $150bn fundraising goal despite more challenging environment, Mandrake Capital raises $268m for maiden real estate fund, As NYS Common commitment shows, in-state programs help support local economy, San Bernardino pension starts to see pain in VC, growth portfolios, PE ranks as strongest asset class for pensions over the past decade, survey says, LPs spot private debt in hunt for inflation-oriented strategies, Opinion: NY State Teachers chose secrecy in secondaries advisory contract. Click here. Reserved. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. We do not collect a fee from the applicants.

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Warren Lichtenstein - Executive Chairman & Founder, Steel Partners Holdings L.P. #2. Emerging managers monitor: Tracking new fund formation. Members help make our journalism possible. Our company was incorporated on 11th August, 2012, as Tracxn Technologies Private Limited. Jeffrey Rogers - President & CEO, LiftForward, Inc. #16.

5 things customers hate when dining out at restaurants. GE Capital, Franchise Finance and Citizens Bank provided the facility, which refinanced a Victory Park Capital debt facility. Giordano's is expected to be sold by its current private-equity owner, Victory Park Capital Advisors, in the next few months, Mergermarket reported. All Rights The chain was acquired by the firm in 2011 for $61 million after it went bankrupt from rapid expansion in nontraditional markets like Florida. enable it to enjoy the full features of Tracxn. Yorgo Koutsogiorgas was asked to take the overall leadership of Giordanos, as the companys CEO, by the Board of Directors of Victory Park Capital Advisors LLC, at the time when Victory Park Capital Advisors LLC took over the ownership of Giordanos, in November 2011. Giordanos could fetch more than $100 million in a sale, the people added, asking not to be identified because the matter is confidential. trending Sen. Elizabeth Warren - (D-Mass.

In 1984, he led the Greek Islands Restaurant company in expanding its operations beyond its original location in Chicago, to Lombard, a suburban community west of Chicago.

Click /marketintelligence/en/news-insights/trending/q20hG9cD0CeFiRzgQHl3BQ2 Victory Park Capital Advisors LLC, the private equity firm that bought Giordano's out of bankruptcy in 2011, has hired investment bank Piper Jaffray Companies. Missing Crain's in print? A link has been emailed to you - check your inbox. Levy definitely gets a kick out of all his investments.

Victory Park Capital is close to announcing a $45 million dividend recapitalization of Giordanos, the Chicago-based maker of deep dish pizza and other Italian food, roughly four years after the company was bought out of bankruptcy, according to a source.

Under its most recent owners, the chain has expanded beyond its home turf in Chicago, into Indiana and Minnesota. Victory Park Capital Advisors acquired the chain for roughly $52 million in a bankruptcy sale. During his tenure as CEO Koutsogiorgas has built an exceptional team and has led Giordanos impressive growth of the number of its restaurants as well as of its sales volume and profits.

Since then, the chain has been cooking up a storm, opening more than a dozen stores with another half dozen on the way in 2016. of customers as on Mar 31, 2021. The restaurant opened in 1991 in Chicagos River North neighborhood. Our Standards: The Thomson Reuters Trust Principles.

Victory Park Capital has made 5 acquisitions and 71 investments. Frank Rotman - Founding Partner, QED Investors, #1.

A native South African, Levy came to the Windy City when a federal judge in Chicago met his grandfather by chance on a visit to Jerusalem after the Second World War and they became fast friends. Recently, Victory Park listed a $300 million fund on the London Stock Exchange. Kenneth Lin - CEO & Founder, Credit Karma, #9. Get todays need-to-know restaurant industry intelligence. Under his leadership, the restaurant group received media and peer attention and accolades for its high-quality of food, service, and focus in hospitality.

Thanks to VPC, Levy owns Giordanos deep-dish pizza company, known for its famous Chicago style pies. Mama Giordano was famous for her Italian Easter Pie, a double-crusted, cheese pizza. Our mission is to match prospective borrowers with our preferred network of lenders. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Secondary deal volume for energy funds rose slightly last year but many buyers remain cautious, Wall Street Journal Apr 24, 2022 04:00:00AM, Investment major Ares Management has launched a new private equity secondaries fund with more than $250m of initial capital, The $81bn sovereign wealth fund is one of the first institutional investors to signal that it is looking at cutting exposure to the country held via PE portfolio, Private Equity International Mar 11, 2022 05:00:00AM. The first restaurant opened in Warrenville, Illinois, in March 2004, and it was followed by the opening of a second restaurant in July 2004, in Northbrook, Illinois. In early 2005, GESD Capital Partners, LLC, a private equity group based in San Francisco, California, purchased the company. Michele Smith latest to leave City Council.

The first Giordanos restaurant opened in 1974, when Italian immigrants Efren and Joseph Boglio opened a pizzeria that served their mothers recipe for stuffed pizza. See here for a complete list of exchanges and delays. In 2013, several years after his departure from his Maggianos leadership position, Koutsogiorgas was inducted into the Maggianos Hall of Fame. When he was 27, he co-founded Crestview Capital Partners, a hedge fund, and left to join Magnetar Capital, where he says he got a great two-year education in risk management. No. This copy is for your personal, non-commercial use only. In 2007, Koutsogiorgas was given the additional responsibility to lead the operations and growth of Austin Entertainment Center, LP, a family entertainment company in the portfolio of companies of GESD Capital Partners, LLC. As such, MayavaCapital does not make decisions regarding funding. Terms of Service | About SecondaryLink | Help | Made at Sprymix, SecondaryLink is not optimized for your browser, please upgrade to a newer browser for a better user experience and security, VPC announces European marketplace lending agreement, Victory Park Capital sets $45 mln dividend recap for Giordanos, Victory Park promotes five investment professionals, Borro secures GBP67m lending facility from Victory Park Capital, The Morning Leverage: Carlyle Books a Trip With Bonotel, Former Senator, Vice Presidential Candidate To P.E. Convene, 117 West 46, New York, Get limited access to our industry news, analysis and data, plus regular email updates. He served as President and COO of Austin Entertainment Center, LP, until the end of 2011, when he resigned in order to accept the CEO position of Giordanos. Koutsogiorgas was instrumental in doubling the annual sales and profits of the company and he remained as Managing Partner and head of operations in both restaurant locations until 1989. The Chicago Tribune called Papagus the Best Greek restaurant in Chicago, and Esquire magazine hailed Papagus as one of the Best 25 Restaurants in the United States. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. content hbspt.cta._relativeUrls=true;hbspt.cta.load(1691107, '1dd91903-38a6-4804-9659-69065c61f502', {"useNewLoader":"true","region":"na1"}); As the CEO and founder of Victory Park Capital, Richard Levy is a Chicago investor with a significant interest in Avant, which provides short-term consumer financing, and Funding Circle, which operates a crowd-funding small business lending platform. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

Minority investors such as former Chicago Bulls NBA player Derrick Rose are among the potential buyers of the Chicago-based restaurant chain, according to the report. Sign up here.

In 1997, he began his first company, which sold microturbines to South Africa. The latest from Restaurant Business, sent straight to your inbox.

in Public Administration. Suite 3200 E-mail oureditor Register now to read this article and more for free. He also likes to contemplate deep questions, like How much money is enough? as he told Crains recently. This service may not be available in all states and our terms may change at any time. Koutsogiorgas was instrumental in developing and nurturing a strong culture within Maggianos Little Italy, which served as the foundation for the companys success and subsequent growth. in Economics, he moved to the U.S. in 1980 to pursue graduate studies at Southern Methodist University (SMU), in Dallas, Texas. Jamie Dimon - Chairman & CEO, JPMorgan Chase & Co. #4.

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From prospecting to closing, and everything in between. We provide a service to prospective borrowers wherein we submit their secure application information to our network of lenders. Deep-dish pizza chain Giordanos is considering selling its operation, a move that could garner upwards of $100 million, Reuters reports, citing sources familiar with the matter. During his tenure with Brinker International, Maggianos grew to thirty restaurants with locations in several states within the continental U.S. and annual sales which exceeded $250 million. The process has broadened his funding strategy, which now includes a nonprofit company Gardeneers, which puts gardens in urban schools. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. A popular Chicago deep-dish pizza chain is ready for a sale. ), Senate Committee on Banking, Housing & Urban Affairs, #10. hbspt.cta.load(1691107, '054b9fd2-7cdd-485d-a214-805e857b325d', {}); In 2004, Koutsogiorgas joined forces with three restaurant industry veterans with whom he had worked throughout his years at LEYE and Brinker International, and co-founded Go Roma, a fast casual restaurant with a menu featuring made-from-scratch pizza, pasta, salads, sandwiches and other popular Italian specialties. This copy is for your personal, non-commercial use only. Please check your spam or junk folder just in case. Victory Park Capital has invested in multiple sectors such as and more. A verification email is on its way to you. He earned a political science degree from Ohio State and a law degree from Chicago Kent Law School. Market Intelligence Mike Cagney - CEO, Chairman & Co-founder, SoFi. The private equity firm worked with Apostolous sons, Bill and George Apostolou, as part of the buyout.

Chicago-based Victory Park still owns equity in Giordano's. 130 E. Randolph St. Koutsogiorgas was instrumental in establishing Papagus Greek Taverna as the leading ethnic restaurant within the LEYE group. Victory Park Capital Advisors declined to comment, while Giordanos and Piper Jaffray did not respond to requests for comment. The 50-unit Chicago-based chain was acquired by Victory Park Capital for close to $52 million as part of a bankruptcy buyout in 2011. Chicago, IL 60601 Giordano's 2022. Giordano's Enterprises Inc., the Chicago deep-dish pizza chain backed by Victory Park Capital, has secured $51 million to refinance its debt and continue expanding into new cities, according to a news release. Click here to get the full experience on your screen. Koutsogiorgas was born in Athens, Greece. JavaScript is disabled in your browser.

Victory Park Capital Advisors, the private-equity firm that owns Giordanos, has hired investment bank Piper Jaffray to manage the sale, Reuters says. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Jason Fritton - CEO & Co-founder, Patch of Land. Sixth Street Leads $600 Million Investment in Contentsquare, Blackstone Posts Loss as Market Turmoil Hits Private-Equity Portfolio, CenterGate Passes $300 Million in First Close for Sophomore Fund, General Atlantics Climate-Focused Fund Collects Over $2 Billion. At the time of his departure in 2004, Koutsogiorgas had led Maggianos Little Italy to earn one of the best employee retention records in the restaurant industry. Later that same year, he joined forces with three other LEYE partners and together they formed the core leadership team of Maggianos Little Italy, a new LEYE restaurant concept which the company positioned, from the outset, for multi-unit growth. Instead of practicing law, he turned to business after working at the U.S. Commodity Futures Trading Commission. Mayava Capital is not a lender. Will a downtown NASCAR race be an economic bust or boon? #3. Koutsogiorgas career in the restaurant industry began when he was recruited by the Greek Islands Restaurant company in Chicago. Serving as Director of Operations, Koutsogiorgas became the driving force behind the development of a second Papagus Greek Taverna in Oak Brook, Illinois, a suburban community west of Chicago. Asset manager Hamilton Lane has beaten its target for its debut infra secondaries and co-investment fund. Reporting by Lauren Hirsch in New York; Editing by Jonathan Oatis.

Only logged in subscribers of this site will be able to access the shared article. He graduated in 1982 with a M.A.