Investment Summary

Cynosure Group Invests In Black Rock Coffee Bar

On December 28, 2020, asset manager Cynosure Group invested in restaurant Black Rock Coffee Bar

Investment Highlights
  • This is Cynosure Group’s 1st transaction in the Restaurants sector.
  • This is Cynosure Group’s 7th transaction in the United States.
  • This is Cynosure Group’s 1st transaction in Arizona.

Investment Summary
Date 2020-12-28
Target Black Rock Coffee Bar
Sector Restaurants
Investor(s) Cynosure Group
Deal Type Growth Capital

Target

Black Rock Coffee Bar

Scottsdale, Arizona, United States
Black Rock Coffee Bar is a drive-thru oriented retail coffee chain with more than 70 stores operating across seven states along the west coast, southwest and mountain west regions. Black Rock Coffee Bar was founded in 2007 and is based in Scottsdale, Arizona.

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Investor(S) 1

Investor

Cynosure Group

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

The Cynosure Group is an independent alternatives asset manager and advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. The Firm has a special interest in founder controlled companies with at least $5 million of EBITDA where the owner is looking for full or partial liquidity. Cynosure will consider both minority and majority positions, and will provide follow-on financing if needed. The Cynosure Group is based in Salt Lake City, Utah with an additional office in New York City.

DEAL STATS #
Overall 7 of 13
Sector (Restaurants) 1 of 1
Type (Growth Capital) 6 of 12
State (Arizona) 1 of 1
Country (United States) 7 of 12
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Maestro Financial Solutions

Stamford, Connecticut, United States

Maestro Financial Solutions is a financial services firm specializing in high net worth family wealth administration as well as business accounting advisory solutions. Maestro Financial Solutions is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Wellington-Altus Financial

Winnipeg, Manitoba, Canada

Wellington-Altus Financial is an independent wealth management firm with CAD $16Bn of AUA. Wellington-Altus Financial was founded in 2017 and is based in Winnipeg, Manitoba.

Buy -
Mergr

Product

Company

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