Celebration Restaurant Group, LLC, Celebration, FL, operates approximately 90 franchised Pizza Hut locations in Central Florida and 40 franchised Taco Bell locations in Central Florida, Atlanta and Savannah. The Pizza Hut restaurants were acquired directly from Yum! Brands, Inc. in 2009 and the Taco Bell restaurants were acquired from a franchisee in 2012. Northwood led this buyout with its operating partner, an experienced Pizza Hut veteran, in 2009.

The Healthy Back Store, LLC, Beltsville, MD, operates approximately 25 specialty retail stores and several websites aimed at consumers who suffer from neck and back pain. The Healthy Back Store is focused on making its customers "Feel Better Than Ever Before." We led a growth financing in The Healthy Back Store in 2004 and led a follow-on financing in 2008 in support of the company's acquisition of stores from a competitor. www.healthyback.com

Ibex Outdoor Clothing, LLC, White River Junction, VT, is a rapidly growing company that designs, manufactures, and sells technologically superior wool-based outdoor clothing to the active outdoor and lifestyle marketplace. Ibex's wool active wear is superior to synthetic products, and is distributed through leading specialty retailers across the country and online. In 2010, Ibex opened its first retail store in Boston. Northwood led Ibex's first institutional round of financing in 2004 and has led several follow-on financings. In 2010, the company raised equity capital from another institutional investor, with proceeds used to fund growth and a partial recapitalization.
www.ibex.com

Buca, Inc., Minneapolis, MN, is a high growth operator of approximately 85 immigrant Southern Italian family-style neighborhood restaurants under the BUCA di Beppo name. The restaurants offer oversized food portions in an energetic atmosphere that parodies the décor and ambiance of Post-war Italian/American restaurants. We participated in all of Buca's private institutional rounds of financing, commencing in 1996 when the company operated only four stores. Buca completed its initial public offering in April 1999, raising $42 million (NASDAQ: BUCA). Northwood liquidated its position through open market sales from 2000 through 2002. In 2008, Buca was acquired by Planet Hollywood.
www.bucadibeppo.com

Caribou Coffee Company, Inc., Minneapolis, MN, is the second largest U.S. operator of coffee gathering places. Caribou has expanded to over 550 locations in 20 states, the District of Columbia and nine international markets. Northwood participated in the company's first two institutional rounds of financing, beginning in 1995, and sold its position for cash in 2000 to another private equity firm. Caribou subsequently completed a $68 million IPO in 2005. (NASDAQ: CBOU)  www.cariboucoffee.com

Cosí, Inc., Deerfield, IL, operates approximately 80 company owned and over 50 franchised all-day cafes that feature signature bread and coffee products in a unique environment that changes throughout the day. Cosí offers breakfast, lunch, afternoon coffee, dinner, and dessert menus full of creative, craveable foods and beverages. Northwood participated in several rounds of equity financing beginning in 1997. In 2002 Cosí completed an initial public offering raising $39 million. Cosí, Inc. was formed by the merger of Xando, Inc. and Cosí Sandwich Bar, Inc. Northwood sold its position in 2004 and 2005 through open market sales. (NASDAQ: COSI)
www.getcosi.com

Dick's Sporting Goods, Inc., Pittsburgh, PA, operates over 475 authentic full-line sporting goods superstores located across the U.S. offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. Dick's also operates approximately 80 Golf Galaxy stores. Northwood participated in a later stage equity round in 1996 and sold a portion of its position back to the company in 2001. Dick's completed a $100 million initial public offering in 2002 and Northwood sold the remainder of its position through open market sales in 2003. (NYSE: DKS)
www.dickssportinggoods.com

The Museum Company, Inc., Fairfield, NJ, is a specialty retailer of museum-related reproductions and replicas through approximately 50 U.S. stores along with a significant online retailing presence. Northwood participated in this buyout in 1998 and the company was sold to a private equity group in 2002.

nSpired Natural Foods, Inc., San Leandro, CA, is a leader in the rapidly growing and fragmented all-natural and organic foods industry, focusing on snack and salty foods. nSpired has acquired seven companies and sells products under the Maranatha, Sunspire, Loriva Supreme, Cloud Nine, Tropical Source, Northwest Delights, Cool Fruits, and Skinny brand names. We invested in nSpired starting in 1998 and led follow-on equity rounds in 1999 and 2000. The company was sold to a private equity fund in 2003 for cash and was later acquired by The Hain Celestial Group, Inc.
www.hain-celestial.com

Office Depot, Inc., Boca Raton, FL, is one of the largest U.S. office supply superstore retailers. In 1987, Northwood invested in Office Depot's first and only private institutional equity offering when the company operated just three stores. Our holdings were sold from 1991 to 1993 through public offerings and Rule 144 sales.www.officedepot.com