Bravo Brio Restaurant Group Inc. raised $74.4 million in a secondary offering of public shares, the company said Friday.
The casual-dining company, which went public last fall in a $140 million initial public offering, said the latest round of shares were offered by existing stakeholders, including affiliates of private-equity firms Bruckmann, Rosser, Sherrill & Co. Management LP and Castle Harlan Inc.
More than 4.5 million shares were tendered at $16.25 per share in the latest offering.
For the fourth quarter ended Dec. 26, Bravo Brio posted a net loss of $6.5 million, or 42 cents per share, on one-time expenses, most of which related to its IPO, the company said. Revenue rose 8.6 percent to $88.3 million for the quarter on a 2.2-percent increase in blended same-store sales, it reported.
Bravo Brio raises $140M in IPO
Bravo Brio reports 4Q loss
The Columbus, Ohio-based company operated 47 Bravo! Cucina Italiana restaurants, 38 Brio Tuscan Grilles and one Bon Vie Bistro as of the end of its fourth quarter.
Contact Molly Gise at [email protected]