Investment Summary

L Catterton Partners Invests In Velvet Taco

On September 2, 2016, growth capital firm L Catterton Partners invested in restaurant Velvet Taco

Investment Highlights
  • This is L Catterton Partners’ 19th transaction in the Restaurants sector.
  • This is L Catterton Partners’ 78th transaction in the United States.
  • This is L Catterton Partners’ 8th transaction in Texas.
Investment Fate
  • Velvet Taco was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2016-09-02
Target Velvet Taco
Sector Restaurants
Investor(s) L Catterton Partners
Deal Type Growth Capital
Advisor(s) Arlington Capital Advisors (Financial)

Target

Velvet Taco

Plano, Texas, United States
Velvet Taco is a restaurant concept set out to elevate through globally-inspired recipes and the freshest ingredients. Velvet Taco was founded in 2011 and is based in Plano, Texas.

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Investor(S) 1

Investor

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 115 of 221
Sector (Restaurants) 19 of 30
Type (Growth Capital) 40 of 91
State (Texas) 8 of 14
Country (United States) 78 of 133
Year (2016) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Sell $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 Baja Fresh

Irvine, California, United States

Baja Fresh is a chain of fast-casual Tex Mex restaurants. Baja Fresh was formed in 1990 and is based in Irvine, California.

Sell -