Chopt Acquires Dos Toros Taqueria; L Catterton Backs New Founders Table Restaurant Group

L Catterton Acquires Cholula

April 15, 2019

Food & Beverage

L Catterton, the consumer-focused private equity firm, completed its acquisition of Cholula, a leading hot sauce producer and distributor. Terms were not disclosed; L Catterton said it will support Cholula’s continued expansion in the hot sauce category and broader retail and foodservice markets.

L Catterton Acquires Del Frisco's Restaurant Group; Sells Steakhouse Assets to Landry's

September 25, 2019

Restaurants & Hospitality

L Catterton completed the acquisition of all outstanding shares of Del Frisco's Restaurant Group, Inc. for approximately $650 million, taking the company private. Concurrently, L Catterton entered an agreement to sell the Del Frisco's Double Eagle Steakhouse and Del Frisco's Grille assets to Landry's, Inc., while retaining bartaco and Barcelona Wine Bar to operate as separate growth-focused businesses.

Foodtastic Acquires Quesada Burritos & Tacos

December 2, 2022

Restaurants & Hospitality

Foodtastic Inc. has entered into an agreement to acquire Quesada Burritos & Tacos, a fast-growing Canadian quick-service restaurant brand. The acquisition adds Quesada's +175 restaurants to Foodtastic's portfolio and Foodtastic plans to open about 50 new Quesada locations over the next 36 months.

Forward Consumer Partners Acquires 50% Stake in Xochitl

May 21, 2024

Consumer Products

Forward Consumer Partners has acquired a 50% ownership stake in Xochitl, the heritage tortilla chip and salsa brand founded by Carlos Salinas. Salinas will retain a 50% interest and Forward plans to support the brand's next phase of growth and capability expansion, with Matt Leeds becoming Chairman of Xochitl.

Flagship Food Group (CREO) Acquires Majority Stake in La Tortilla Factory

January 28, 2021

Food & Beverage

Flagship Food Group, a CREO Capital Partners-backed food platform, has invested in La Tortilla Factory and become the company's majority stakeholder while members of the Tamayo family remain partners. The transaction, which closed January 27, 2021, will support La Tortilla Factory's growth strategy as the brand expands its premium, better-for-you tortilla and Mexican foods offerings; terms were not disclosed.

Butterfly Equity Acquires QDOBA and Merges It into Modern Restaurant Concepts

August 9, 2022

Restaurants & Hospitality

Butterfly Equity agreed to acquire QDOBA from funds managed by Apollo and merge the brand into Modern Restaurant Concepts (which includes Modern Market Eatery and Lemonade), creating a leading fast-casual restaurant platform of roughly 800 units. King Street Capital Management is investing alongside Butterfly; the transaction aims to accelerate franchising, system growth and catering expansion across the combined platform. Terms were not disclosed.