Savory Fund Invests in Via 313

Savory Fund Acquires Majority Stake in The Sicilian Butcher

October 12, 2022

Restaurants & Hospitality

Savory Fund has acquired a majority interest in chef Joey Maggiore’s The Sicilian Butcher and its sister concept The Sicilian Baker, committing up to $30 million to support expansion. The Maggiores will remain involved while Savory Fund joins the board and aims to rapidly scale the Arizona-based three-unit brand into new markets (Texas and Las Vegas) with a goal of 20 units over four years.

Savory Fund Invests in Houston TX Hot Chicken

November 8, 2023

Restaurants & Hospitality

Savory Fund has made a growth investment in Houston TX Hot Chicken (also referred to as Houston’s Hot Chicken), marking the private equity firm’s 11th portfolio brand. Savory plans to help scale the fast-casual Nashville hot chicken concept through a mix of corporate and franchised openings across existing and new U.S. markets.

Savory Fund Invests in South Block

January 31, 2024

Restaurants & Hospitality

Savory (Savory Fund) has made a growth investment in South Block, a 15-unit, health-focused fast-casual restaurant chain founded in Clarendon, Virginia. Founder and CEO Amir Mostafavi will remain in place as Savory uses capital and operating expertise from its $200 million Fund III to accelerate South Block's expansion across the Northeast; terms were not disclosed.

Savory Fund (Mercato Partners) Invests $20M in Hash Kitchen

November 10, 2021

Restaurants & Hospitality

Savory Fund, the restaurant-focused vehicle managed by Mercato Partners, has invested $20 million in Scottsdale-based Hash Kitchen to form a new growth partnership. The capital will be used to unify operations and aggressively scale the brunch-centric concept across the western United States, with a target of roughly 30 new locations over the next four years; Hash Kitchen's founders will remain involved and Savory representatives will join the board.

PAI Partners Acquires Savory Solutions Group from IFF

December 20, 2022

Food & Beverage

PAI Partners has agreed to acquire Savory Solutions Group from International Flavors & Fragrances (IFF). Savory Solutions Group is a global provider of savoury ingredients and blends (notably the Wiberg and Piasa brands), operating 17 manufacturing facilities and nine innovation sites with over 1,800 employees and ~€470 million turnover; PAI plans to accelerate international expansion in Europe and North America and pursue growth in plant‑based and clean‑label segments.

Paine Schwartz Partners Invests in Urban Farmer

December 8, 2020

Food & Beverage

Paine Schwartz Partners (via Paine Schwartz Food Chain Fund V) has made a strategic investment in Urban Farmer, a Manteno, Illinois-based manufacturer of plant-based specialty dough and frozen pizza products. The investment establishes a new platform for Paine Schwartz to expand in the better-for-you specialty dough and frozen foods category while supporting Urban Farmer's growth and manufacturing capabilities.