Auspex Capital, Inc. - Financial Advisory and Investment Banking

Deal Spotlight | August 2019

Auspex Capital Secures $32,550,000 in Financing

for Wenesco

The Wenesco Group (“Wenesco”), an Englewood Cliffs, New Jersey-based Wendy’s franchisee owned and operated by long-time franchisee Kevin Woodside, has completed a buyout of its majority owner. In addition to the buyout, the Company has merged with the Triwen Group, an Armonk, New York-based Wendy’s franchisee owned and operated by Phillip Anastos. As part of this transaction, Wenesco secured a total of $32,550,000 of financing, including a $28,550,000 senior secured term loan and a $4,000,000 development/remodel line of credit.

Auspex Capital acted as the financial advisor to Wenesco for both the partner buyout and merger transactions as well as debt placement agent for the recapitalization. Kevin Woodside, President of Wenesco, had the following comments about the level of service provided by the Auspex Team:

"It was clear from my very first meeting with the Auspex team that they had the knowledge and experience I needed to pull off a uniquely complex recapitalization of my business. The execution of their plan was flawless. I am more than pleased, I’m delighted."

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