Papa Razzi has been acquired by Newport Harbor Corporation
Back Bay Restaurant Group, Inc. (Back Bay) has announced the sale of Papa Razzi, a leading upscale casual restaurant chain offering northern Italian cuisine, to Newport Harbor Corporation for an undisclosed consideration.
The Papa Razzi brand includes ten Italian trattoria restaurants with locations in Massachusetts, Rhode Island, New York, New Jersey and Washington DC.
Newport Harbor Corporation is an employee-owned (ESOP) hospitality company based in Newport, Rhode Island, that owns and operates Newport Restaurant Group, Castle Hill Inn and the Newport Yachting Center Marina & Special Events.
Back Bay develops, owns and operates full-service restaurants across several unique dining concepts in the upscale casual dining and fine dining segments.
One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.
Talk to the deal team
Jerome S. Romano
Oaklins TM Capital
Related deals
ELSA Group has sold SoFine Foods to The New Originals Company
The New Originals Company has acquired SoFine Foods from the ELSA Group.
Learn moreHaldiram Bhujiawala has raised equity
Haldiram Bhujiawala Ltd. has successfully completed a fundraising. This significant funding will support Haldiram’s growth strategy by enhancing its manufacturing capabilities and enabling expansion into new geographies, beyond its established leadership in Eastern and North-Eastern India. The capital will accelerate Haldiram’s journey toward becoming a pan-India brand.
Learn moreTropicalia Coffee has been sold to majority shareholders
Minority shareholders have sold Tropicalia Coffee Co S.A.S. to majority shareholders.
Learn more