Investment Summary

Hargett Hunter Capital Management Invests In Live.Eat.Surf

On January 1, 2020, private equity firm Hargett Hunter Capital Management invested in restaurant Live.Eat.Surf

Investment Highlights
  • This is Hargett Hunter Capital Management’s 6th transaction in the Restaurants sector.
  • This is Hargett Hunter Capital Management’s 6th transaction in the United States.
  • This is Hargett Hunter Capital Management’s 1st transaction in North Carolina.

Investment Summary

Date 2020-01-01
Target Live.Eat.Surf
Sector Restaurants
Investor(s) Hargett Hunter Capital Management
Deal Type Growth Capital

Target

Live.Eat.Surf

Wilmington, North Carolina, United States
Live.Eat.Surf is a restaurant that operates a collection of Baja-inspired Mexican dining concepts, including K38 Baja Grill and Tower 7 Baja Mexican Grill, serving dishes such as fish tacos, burritos, and other coastal-flavored menu items in casual, surf-themed settings. The group’s restaurants are influenced by West Coast surf culture and offer food, drinks, and an informal atmosphere in several locations across North Carolina. Live.Eat.Surf was founded in 1993 and is based in Wilmington, North Carolina.

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Investor(S) 1

DESCRIPTION

Hargett Hunter Capital Management is a private investment firm that invests in US-based emerging restaurant concepts. The Firm looks for businesses generating a minimum of $10 million of annual revenue where $10 to $50 million of capital can be deployed over time. Hargett Hunter provides control and minority equity capital and operational expertise to support growth, acquisitions and recapitalizations of emerging restaurant concepts with less than one hundred units. Hargett Hunter Capital Management was established in 2015 and is headquartered in Raleigh, North Carolina.


DEAL STATS #
Overall 6 of 8
Sector: Restaurants M&A 6 of 8
Type: Growth Capital M&A Deals 4 of 5
State: North Carolina M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Marugame Udon

Irvine, California, United States

Marugame Udon is a restaurant chain that serves freshly handmade Sanuki-style udon noodles, tempura, and other complementary dishes in an open-kitchen setting where guests can watch their meals being prepared to order. Marugame Udon was founded in 2011 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-12 Won t Stop Hospitality

Indianapolis, Indiana, United States

Won't Stop Hospitality operates a portfolio of restaurants. Won't Stop Hospitality was founded in 1989 and is based in Indianapolis, Indiana.

Buy -