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Centre Partners Acquires Captain D's, Premier Fast Casual Seafood Chain

NEW YORK, December 3, 2013-- Centre Partners, a leading middle market private equity firm with offices in New York and Los Angeles, announced today that it has completed the acquisition of Captain D's Holding Corp. ("Captain D's" or "the Company"). Captain D's senior management team will own a significant stake in the business and continue to serve in their current roles.

Captain D's, based in Nashville, Tennessee, operates a leading national chain of 521 seafood-themed fast-casual restaurants in 26 states. Through its 40-year history, Captain D's has been focused on providing high-quality, freshly prepared seafood at a value price point and in recent years the Company has exhibited tremendous growth under the stewardship of its CEO, Phil Greifeld, and a new executive team.

Bruce Pollack, Managing Partner of Centre Partners, stated, "We're excited to invest in Captain D's and to partner with Phil Greifeld and his executive team. Captain D's differentiated menu of high quality seafood products at a value price point clearly distinguishes it from its competitors and the business is managed exceptionally well. We look forward to supporting Phil and the team, who have laid the foundation for very attractive growth in the coming years."

Mr. Greifeld commented, "We are excited to have Centre as our partner as we embark upon a path of accelerated growth. We have succeeded in driving same store growth for the last 28 periods, while improving our customer experience. Our customers have responded positively to recent improvements in Captain D's menu and we're even more excited by new initiatives that are just now being introduced."

About Centre Partners

Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire a meaningful economic stake in the future success of their businesses. Centre Partners has invested over $3 billion in more than 90 transactions, partnering with management teams across a broad spectrum of industries. Centre Partners provides those teams with access to its unique resources, which include an extended network of experienced and proven operating executives. Additional information is available at www.centrepartners.com.

About Captain D's

Headquartered in Nashville, Tennessee, Captain D's owns, operates and franchises 521 restaurants in 26 states and military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. The brand's restaurants serve a widely varied seafood menu that includes freshly prepared entrees, and the Company's signature hand-battered fish which is prepared to order to ensure freshness. The restaurants also offer premium-quality grilled fish, as well as shrimp, chicken, shrimp & beef kabobs, hushpuppies, desserts and freshly brewed, southern style sweet tea, a Captain D's favorite. For more on Captain D's, see www.captainds.com.

Contact:
Mark Semer
Kekst and Company
(212) 521-4802


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