Rhône Acquires Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners

Thompson Street Capital Partners Acquires Freddy's Frozen Custard & Steakburgers

March 3, 2021

Restaurants & Hospitality

Thompson Street Capital Partners (TSCP) has acquired Freddy's Frozen Custard & Steakburgers, the Wichita-based franchisor of fast-casual restaurants. TSCP said it will partner with Freddy's founders and management to accelerate franchise development, expand the brand geographically, and invest in marketing and technology to support growth across the U.S.

Bain Capital Private Equity Acquires Fogo de Chão from Rhône Capital

August 15, 2023

Restaurants & Hospitality

Bain Capital Private Equity has entered into a definitive agreement to acquire Fogo de Chão from funds affiliated with Rhône Capital. The transaction, expected to close in September 2023, will keep Fogo's existing management in place and aims to accelerate the restaurant chain's growth and global expansion.

Bain Capital Acquires Dessert Holdings from Gryphon Investors

April 26, 2021

Food & Beverage

Bain Capital Private Equity has entered into a definitive agreement to acquire Dessert Holdings, a St. Paul–based premium dessert platform that includes The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. The acquisition from Gryphon Investors will support Dessert Holdings’ next stage of growth—pursuing product innovation, organic expansion and add-on opportunities—and is expected to close in Q2 2021 (debt financing led by Antares Capital).

Thompson Street Capital Partners Acquires Bubbakoo's Burritos

June 18, 2025

Restaurants & Hospitality

Thompson Street Capital Partners (TSCP), a St. Louis-based private equity firm, has acquired Bubbakoo's Burritos, a New Jersey-based fast-casual Mexican-fusion franchisor with more than 130 locations across 15 states. TSCP plans to support the brand's next phase of growth by investing in technology, brand development, infrastructure, and franchisee support systems; terms were not disclosed.

Café Valley Acquires Freed's Bakery

January 5, 2023

Food & Beverage

Café Valley Inc., an Swander Pace Capital portfolio company, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes that supplies national and regional retailers. The deal is an add-on acquisition intended to expand Café Valley's product offering in mini iced cupcakes, drive synergies and economies of scale across its bakery platform.

MidOcean Partners Acquires Louisiana Fish Fry

August 2, 2021

Food & Beverage

MidOcean Partners, a New York-based middle-market private equity firm, has acquired Louisiana Fish Fry, a Baton Rouge-based manufacturer of Louisiana-inspired seasonings, coatings, sauces and bases. The seller was an affiliate of Peak Rock Capital; MidOcean said it will pursue organic growth and strategic M&A to expand distribution, product development and market reach. Financial terms were not disclosed.