NewSpring Franchise, Tecum Capital and NorthCoast Mezzanine Invest in Shake Smart
March 15, 2024
NewSpring Franchise has made a strategic investment in Shake Smart Holdings, a healthy fast-casual concept, with mezzanine and equity co-investment from Tecum Capital and NorthCoast Mezzanine. The capital will be used to accelerate Shake Smart's unit expansion beyond college campuses into airports, hospitals, military installations and other non-traditional venues; Satya Ponnuru and Patrick Sugrue will join the Shake Smart board.
- Targets
- Shake Smart Holdings, LLC
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Growth capital
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