Rancho Santa Margarita-based John’s Incredible Pizza Co. got a $30 million loan from a consortium led by New York-based Praesidian Capital.
Praesidian invested $17.4 million, with the rest coming from Chicago-based Kemper Corp. and Brookside Mezzanine Partners, which has offices in Boston and Stamford, Conn.
No equity stake was involved, and John’s chief executive, John Parlet, retains ownership.
John’s operates 10 restaurant locations in California and Oregon. Its restaurants average about 47,000 square feet in size and feature games, rides and other attractions, such as bumper cars and laser tag.
Privately held John’s doesn’t regularly disclose financial information. The chain had about $56 million in sales in 2012 and 175 workers in Orange County, according to the Business Journal’s recent list of restaurant chains.
―Jane Yu
