Investment Summary

Stripes Invests In 7th Street Burger

On January 1, 2024, growth capital firm Stripes invested in restaurant 7th Street Burger

Investment Highlights
  • This is Stripes’ 3rd transaction in the Restaurants sector.
  • This is Stripes’ 44th transaction in the United States.
  • This is Stripes’ 19th transaction in New York.

Investment Summary

Date 2024-01-01
Target 7th Street Burger
Sector Restaurants
Investor(s) Stripes
Deal Type Growth Capital

Target

7th Street Burger

New York, New York, United States
7th Street Burger is a burger restaurant chain specialising in “smash burgers” with a minimal, fixed menu. The chain offers burgers (beef or vegetarian/“Impossible”), fries, and drinks — with emphasis on simplicity, speed, and consistency. 7th Street Burger was founded in 2021 and is based in New York, New York.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 47 of 49
Sector: Restaurants M&A 3 of 4
Type: Growth Capital M&A Deals 15 of 16
State: New York M&A 19 of 19
Country: United States M&A 44 of 46
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 THISBOWL

New York, New York, United States

THISBOWL is a fast casual concept serving healthier Asian-inspired bowls. THISBOWL was founded in 2016 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Siete Foods

Austin, Texas, United States

Siete Foods is a food brand, that makes grain-free products based in Austin, Texas.

Sell $1.2B