Goode has completed a secondary stock offering of 5.2 million shares of Chuy’s Holdings, Inc. (Nasdaq: CHUY) stock at $25 per share, valuing the company at $420 million.
Chuy’s was founded in 1982 by Michael Young and John Zapp in Austin, Texas. Goode Partners acquired Chuy’s in 2006 when the company had only 8 restaurants, all in Texas. Today the company has forty restaurants in 8 states. “We are extremely pleased with the successful offering and believe that it speaks to the power of the Chuy’s brand, the strength of the management team and the company’s growth potential,” commented Joe Ferreira, a Partner at Goode Partners and Chuy’s Chairman. The company went public in July 2012 with a share price of $13.
About Goode Partners
Goode Partners LLC is a New York-based private equity firm that focuses exclusively on investment opportunities in the retail, restaurant, apparel, direct marketing and branded consumer products sectors. The firm has established itself as a partner of choice by leveraging its unique combination of investment capital, a team of professionals with experience investing in and operating some of the world’s premiere consumer brands, and an extensive industry network. Goode seeks to partner with the owners and managers of well-positioned, high-growth potential consumer-oriented companies. More information on Goode Partners and its team can be found on the firm’s website, goodepartners.com.
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