M&A Deal Summary

Founders Table Restaurant Group Acquires Chopt Creative Salad

On January 1, 2020, Founders Table Restaurant Group acquired restaurant Chopt Creative Salad from L Catterton Partners, Strand Equity and Hain Celestial

Acquisition Highlights
  • This is Founders Table Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is Founders Table Restaurant Group’s 1st transaction in the United States.
  • This is Founders Table Restaurant Group’s 1st transaction in New York.

M&A Deal Summary
Date 2020-01-01
Target Chopt Creative Salad
Sector Restaurants
Buyer(s) Founders Table Restaurant Group
Sellers(s) L Catterton Partners
Strand Equity
Hain Celestial
Deal Type Add-on Acquisition

Target

Chopt Creative Salad

Rye Brook, New York, United States
Chopt Creative Salad Co. is an operator of salad category restaurants with over 50 locations in the U.S. Chopt’s menu features a broad array of classic salads, salad sandwiches, grain, and noodle bowls, and warm kale and quinoa bowls, all served with flavorful scratch-made dressings. Chopt Creative Salad was founded in 2001 and is based in New York City.

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Buyer(S) 1

Buyer

Founders Table Restaurant Group

Rye Brook, New York, United States
Category Company
Founded 2020
Sector Restaurants
DESCRIPTION

Founders Table Restaurant Group create, acquire, and cultivate innovative and profitable founder-led restaurant companies. Founders Table Restaurant Group was founded in 2020 and is based in Rye Brook, New York.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 3

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 62 of 101
Sector (Restaurants) 10 of 13
Type (Add-on Acquisition) 26 of 45
State (New York) 6 of 12
Country (United States) 54 of 75
Year (2020) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Founders Table Restaurant Group

Rye Brook, New York, United States

Founders Table Restaurant Group create, acquire, and cultivate innovative and profitable founder-led restaurant companies. Founders Table Restaurant Group was founded in 2020 and is based in Rye Brook, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Beanitos

Austin, Texas, United States

Beanitos LLC is an all-natural, high fiber, high protein, gluten-free snack company with a variety of bean-based chip products.

Sell -
SELLER

Strand Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.

DEAL STATS #
Overall 4 of 14
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 3 of 9
State (New York) 1 of 3
Country (United States) 4 of 12
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Founders Table Restaurant Group

Rye Brook, New York, United States

Founders Table Restaurant Group create, acquire, and cultivate innovative and profitable founder-led restaurant companies. Founders Table Restaurant Group was founded in 2020 and is based in Rye Brook, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Dos Toros

New York, New York, United States

Dos Toros is an operator of a chain of restaurants. Dos Toros San Francisco-style taqueria bringing Mission-style burritos and lightning-speed service to the East Coast and Midwest. Dos Toros was founded in 2009 and is based in New York City.

Sell -
SELLER

Hain Celestial

Lake Success, New York, United States
Category Company
Founded 1993
Sector Consumer Products
Employees4,287
Revenue 1.8B USD (2023)
DESCRIPTION

Hain Celestial is a natural and organic food and personal care products company in North America and Europe. Hain Celestial was founded in 1993 and is based in Lake Success, New York.

DEAL STATS #
Overall 7 of 10
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 3 of 4
Country (United States) 7 of 9
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Arrowhead Mills

Hereford, Texas, United States

Arrowhead Mills, Inc. is a provider of organic baking, mixes, grains, cereals and nut butter. The company competes primarily in the baking and breakfast categories. Arrowhead Mills was founded in 1960 in the Texas Panhandle by Frank Ford.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 Danival SAS

Andiran, France

Danival focused on creating and manufacturing organic canned sweet and savory products and producing Japanese products and untreated salt. Danival was formed in 1990 and is based in Andiran, France.

Sell -
Mergr

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