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M&A Deal Summary

L Catterton Partners, Silas Capital, Strand Equity and Constitution Capital Partners Acquire Founders Table

On January 1, 2020, growth capital firm L Catterton Partners, growth capital firm Silas Capital, growth capital firm Strand Equity and private equity firm Constitution Capital Partners acquired restaurant Founders Table

Acquisition Highlights
  • This is L Catterton Partners’ 29th, Silas Capital’s 1st, Strand Equity’s 2nd and Constitution Capital Partners’ 1st transaction in the Restaurants sector.
  • This is L Catterton Partners’ 105th, Silas Capital’s 16th, Strand Equity’s 21st and Constitution Capital Partners’ 52nd transaction in the United States.
  • This is L Catterton Partners’ 20th, Silas Capital’s 6th, Strand Equity’s 7th and Constitution Capital Partners’ 4th transaction in New York.

M&A Deal Summary
Date 2020-01-01
Target Founders Table
Sector Restaurants
Buyer(s) L Catterton Partners
Silas Capital
Strand Equity
Constitution Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Founders Table

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

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Buyer(S) 4

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

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 164 of 221
Sector (Restaurants) 29 of 30
Type (Buyout (LBO, MBO, MBI)) 41 of 47
State (New York) 20 of 26
Country (United States) 105 of 133
Year (2020) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 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.

Sell -
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 -
Buyer

Silas Capital

Category Growth Capital Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Silas Capital is a growth equity investment firm focused on the consumer sector. Silas looks to invest $3 to $15 million in fast-growing, US-based companies with $5 to $25 million in revenue. Specific areas of interest include specialty consumer products, consumable goods, e-commerce, consumer services, mobile applications, and consumer retail. Silas Capital was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 17 of 20
Sector (Restaurants) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (New York) 6 of 7
Country (United States) 16 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Boll & Branch

Summit, New Jersey, United States

Boll & Branch is a textile company involved in the manufacturing and marketing of bedding and linens. Boll & Branch is a consumer of Fair Trade Certified organic cotton and prioritizes the wellbeing of farmers and factory workers around the world. Boll & Branch was founded in 2014 and is based in Summit, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 Casper Sleep

New York, New York, United States

Casper Sleep is a global sleep company that offers a range of Casper mattresses, pillows, sheets and duvets, bedroom furniture and accessories, sleep technology, and related services through its e-commerce platform, 60 Casper retail stores, and 18 retail partners. Casper Sleep was incorporated in 2013 and is based in New York, New York.

Sell -
Buyer

Strand Equity

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 24 of 31
Sector (Restaurants) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (New York) 7 of 10
Country (United States) 21 of 27
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 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.

Sell -
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 -
Buyer

Constitution Capital Partners

Category Private Equity Firm
Founded 2008
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.

DEAL STATS #
Overall 56 of 88
Sector (Restaurants) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 18 of 20
State (New York) 4 of 6
Country (United States) 52 of 82
Year (2020) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Sabrosura Foods

Bloomington, Minnesota, United States

Sabrosura Foods is a manufacturer of Hispanic foods, including cheeses, desserts, and meats. Sabrosura has several authentic Hispanic brands including El Viajero, La Morenita, Reynaldo’s and Bio Salud! alongside broad private label capabilities. Sabrosura maintains a national footprint with multiple best-in-class facilities that serve a wide range of end markets. Sabrosura Foods was founded in 1985 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 XiFin

San Diego, California, United States

XiFin is a provider of cloud-based software and services to diagnostic service providers. XiFin's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes. XiFin was founded in 1997 and is based in San Diego, California.

Buy -
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