Corlex Capital, an Atlanta, GA-based private equity firm, officially launched.
Led by private equity and franchise industry veterans Jason Bedasse, Jake LaJoie, Dan Lonergan, Chad Magee and Jeffrey Kolton, Corlex Capital combines industry expertise and extensive operations experience to create value for companies in the franchise, restaurant, retail and service sectors.
It is seeking control and minority equity investment opportunities in North American companies with EBITDA between $5 million and $25 million.
Corlex Capital is open to a range of investment types including:
– growth/acquisition capital,
– family-owned business transfers,
– management/corporate buyouts, and
– corporate divestitures.
The firm will also leverage its extensive investment and credit underwriting experience to provide debt capital raise consulting by developing lender marketing materials and an optimal capital structure to maximize the likelihood of success.
Corlex has already signed a letter of intent to invest in the Ivan Ramen brand, created by ramen chef Ivan Orkin, to develop an American Urban Casual prototype of his ramen restaurants. The firm intends to finance and assist with the development of the prototype with future plans to franchise and expand the Ivan Ramen brand. Beyond the creation of a global franchise chain of restaurants, Corlex will also assist with the development of Ivan Ramen-branded consumer packaged goods and leverage the celebrity status of Orkin for media opportunities including books, television programs and speaking engagements.