Il Fornaio (America) Corp. Completes Acquisition of Corner Bakery Cafe

CORTE MADERA, Calif.--()--Feb. 2, 2006--Il Fornaio (America) Corp., a leading authentic Italian restaurant and bakery company, today announced the completion of the acquisition of substantially all the assets of Corner Bakery Cafe, which operates 91 bakery cafes across the United States, from Brinker International Inc. The purchase was made by CBC Restaurant Corp., a subsidiary of Il Fornaio. Il Fornaio is a portfolio company of Bruckmann, Rosser, Sherrill, & Co. LLC, a New York-based private equity firm. Terms of the transaction were not disclosed.

"Corner Bakery and Il Fornaio complement each other extremely well," said Mike Hislop, Chief Executive Officer of Il Fornaio. "Both have a rich restaurant heritage based on exceptional baked goods. Both have strong management teams in place and, together, we have an opportunity to grow both businesses in existing and new markets across the United States."

Corner Bakery Cafe is a recognized leader in fast-casual dining, with 91 restaurants operating in eight states and the District of Columbia. Each Corner Bakery Cafe offers a variety of gourmet sandwiches, soups, salads and pasta as well as a full breakfast menu, all featuring unique baked goods. For more information about Corner Bakery Cafe, please visit www.cornerbakery.com.

Il Fornaio (America) Corp. owns and operates 23 full-service Italian restaurants in California, Colorado, Washington and Nevada that serve creatively prepared, premium-quality Italian cuisine based on authentic regional Italian recipes. The restaurants also house retail markets offering Il Fornaio's unique baked goods, prepared foods and a variety of Il Fornaio-brand products. Il Fornaio also operates three wholesale bakeries that produce more than 100 varieties of fresh, hand-made breads, pastries and other baked goods for sale at their own locations and to high-quality grocery stores, coffee retailers, hotels and other fine restaurants. For more information, visit www.ilfornaio.com.

Contacts

Il Fornaio (America) Corp.
Michael Mindel, 415-945-4236
Mmindel-at-ilfo.com
http://www.ilfornaio.com

Contacts

Il Fornaio (America) Corp.
Michael Mindel, 415-945-4236
Mmindel-at-ilfo.com
http://www.ilfornaio.com