Ropes & Gray Advises KarpReilly in the Sale of Eureka! Restaurant Group
Ropes & Gray advised KarpReilly and the Eureka! Restaurant Group in Eureka’s sale to Carolo Corp. The transaction was announced on Jan. 8. The press release is here.
Eureka! is an operator of bar forward and hyper-local polished casual restaurants. Eureka! has opened 26 restaurants over the past 10 years across six states, designing each restaurant to feel like the “go-to” neighborhood joint.
KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier small to mid-size consumer growth companies and help them achieve their long-term vision. Over the past 10 years, the principals of KarpReilly have invested in, sat on the boards of and nurtured over 25 consumer growth companies.The Ropes & Gray team that advised KarpReilly was led private equity partner Carl Marcellino and included tax partner Adam Greenwood, and finance associate Scott Rolnik (all of New York).