M&A Deal Summary

TriSpan Acquires Mowgli

On January 30, 2023, private equity firm TriSpan acquired restaurant Mowgli from Foresight Private Equity

Acquisition Highlights
  • This is TriSpan’s 9th transaction in the Restaurants sector.
  • This is TriSpan’s 6th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-01-30
Target Mowgli
Sector Restaurants
Buyer(s) TriSpan
Sellers(s) Foresight Private Equity
Deal Type Secondary Buyout

Target

Mowgli

Liverpool, United Kingdom
website
Mowgli is a chain of authentic Indian street food restaurants that offer food that is packed with flavor. Mowgli was founded in 2014 and is based in Liverpool, United Kingdom.

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Buyer(S) 1

Buyer

TriSpan

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TriSpan LLP is a private equity firm that manages several middle-market funds, an industry agnostic fun focused on opportunities in business services, healthcare, consumer, and industrial, and a restaurant centric fund that targets fast growing chains and restaurant concepts. TriSpan LLP was established in 2015 and has offices in London and New York.

DEAL STATS #
Overall 17 of 18
Sector (Restaurants) 9 of 9
Type (Secondary Buyout) 4 of 4
Country (United Kingdom) 6 of 6
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Shell Shack

Carrollton, Texas, United States

Shell Shack is an experiential seafood concept taking its roots from Southern culture and primarily consisting of crab and other seafood boils. The Company operates seven company-owned units in Texas and one franchised unit in Florida. Shell Shack was formed in 2013 and is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 SmartArches Dental Implants

Media, Pennsylvania, United States

SmartArches Dental Implants provides a full range of tooth replacement options to fix. SmartArches Dental Implants is based in Media, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 600M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)

DEAL STATS #
Overall 36 of 41
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 8 of 9
Country (United Kingdom) 34 of 39
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 TextureJet

Nottingham, United Kingdom

TextureJet designs and manufactures surface texturing and finishing technologies for the high-value manufacturing sector that enable reductions in environmental impact and cost whilst improving quality. TextureJet is based in Nottingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-15 Electric Heating

Blantyre, United Kingdom

Electric Heating is a distributor of electric heating products. The Company supplies electric boilers, heaters and water cylinders to a range of housing associations, residential developers and private homeowners across the UK. Electric Heating was founded in 2005 and is based in Blantyre, United Kingdom.

Buy -
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