Smith & Wollensky purchase completed

Bunker Hill Capital L.P., together with restaurateurs Nick Valenti and Joachim Splichal, said they have completed the acquisition of the Smith & Wollensky Restaurant Group, a New York-based chain of steak houses.

Bunker Hill Capital of Boston is a private equity firm whose portfolio includes an investment in the company that operates the Papa Gino's pizza and the D'Angelo Grilled Sandwiches chain.

The new owners said an acquisition vehicle that they formed acquired Smith & Wollensky in a go-private transaction via an all-cash merger at a price of $11 per share.

Bloomberg News valued the transaction at $94.6 million.

The new owners plan to expand the chain to other major cities in the United States; the chain already has restaurants in such locations as Boston, Miami, Beach, and Chicago.

The transaction was announced in May.
(By Chris Reidy, Globe staff)