Babcock and Wilcox Ent. shares bought by Vintage Capital Mgmt LLC, $107.2m in shares-July 23

Vintage Capital Mgmt LLC

They bought BW at a big discount. .30 cents a share vs current price of $3.7x

Also positions in Red Robin Gourmet Burger and Vitamin Shoppe.

BW is at 157m shares with this current purchase

Vintage Capital Management, LLC is a private equity firm specializing in investing in corporate spinoffs, recapitalizations, task private acquisitions, management buyouts, family owned business acquisitions, bankruptcy acquisitions,

and toehold public investments, consolidation, and build-up transactions focused on buyout investments. The firm preferably invests in lower-middle market companies.

It considers investments in the aerospace, defense, manufacturing, and consumer sectors.

The firm seeks to deploy up to $50 million per transaction into companies with an EBITDA up to $40 million and enterprise valuations up to $200 million.

Vintage Capital Management, LLC was founded in 1998 and is based in Orlando, Florida with an additional office in Milton, Massachusetts.

Babcock & Wilcox Enterprises, Inc. is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses.

The Company operates in three segments: Power, Renewable and Industrial.

Through its Power segment, the Company provides the supply of and aftermarket services for steam-generating, environmental, and auxiliary equipment for power generation and other industrial applications.

The Renewable segment provides steam-generating systems, environmental and auxiliary equipment for the waste-to-energy and biomass power generation industries, and plant operations and maintenance services for its systems and equipment.

The Industrial segment focuses on custom-engineered cooling, environmental, noise abatement and industrial equipment along with related aftermarket services.

Number of employees : 4 800 people.

from Jun 26, 2019

Red Robin turns down Vintage Capital special meeting request

Red Robin Gourmet Burgers Inc. has turned down a request for a special meeting with stockholders initiated by private-equity firm Vintage Capital Management LLC last week.

This meeting request followed the activist investor’s offer to buy the Greenwood Village, Colo.-based casual-dining brand for $40 a share on June 13.

Red Robin did not rule out a takeover offer, but as yet has not accepted it.