Investment Summary

Brentwood Associates and Sixth Street Partners Invest In Far West Services

On November 7, 2023, private equity firm Brentwood Associates and asset manager Sixth Street Partners invested in restaurant Far West Services

Investment Highlights
  • This is Brentwood Associates’ 9th and Sixth Street Partners’ 1st transaction in the Restaurants sector.
  • This is Brentwood Associates’ 45th and Sixth Street Partners’ 20th transaction in the United States.
  • This is Brentwood Associates’ 12th and Sixth Street Partners’ 5th transaction in California.

Investment Summary

Date 2023-11-07
Target Far West Services
Sector Restaurants
Investor(s) Brentwood Associates
Sixth Street Partners
Deal Type Growth Capital

Target

Far West Services

Costa Mesa, California, United States
Far West Services operates over 100 restaurant locations across California, Nevada, Washington, Colorado, and Utah. Far West Services was founded in 2003 and is based in Costa Mesa, California.

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Investor(S) 2

Investor

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $20 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 48 of 48
Sector (Restaurants) 9 of 9
Type (Growth Capital) 14 of 14
State (California) 12 of 12
Country (United States) 45 of 45
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Soft Surroundings

St. Louis, Missouri, United States

Soft Surroundings is a multi-channel marketer and aspirational lifestyle brand offering unique solutions to women. The company’s product offering consists of soft, unique and easy-to-wear clothing, well-priced luxury bedding, home furnishings, and state-of-the-art beauty and fragrance products. Soft Surroundings was founded in 1999 and headquartered in St. Louis, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Veggie Grill

Culver City, California, United States

Veggie Grill features a satisfying and energizing variety of hot sandwiches and burgers, entree salads, bowls, home-style plates, shareable sides, organic teas, and house-made desserts prepared with hearty, plant-based proteins and fresh, wholesome ingredients. Veggie Grill was formed in 2006 and is based in Culver City, California.

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Investor

Sixth Street Partners

website


Category Asset Manager
Founded 2009
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 22 of 22
Sector (Restaurants) 1 of 1
Type (Growth Capital) 9 of 9
State (California) 5 of 5
Country (United States) 20 of 20
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 GreenSky

Atlanta, Georgia, United States

GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia.

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