TriSpan (Rising Stars) Acquires Majority Stake in Naya Group

TriSpan (Rising Stars) Invests in Mowgli Street Food Group

January 30, 2023

Restaurants & Hospitality

TriSpan’s restaurant program Rising Stars has made a major investment in Mowgli Street Food Group, the UK-based Indian casual dining chain founded by Nisha Katona. The founder and management retain a significant stake and will continue to lead the business as TriSpan supports the group’s planned UK expansion; debt financing for the transaction was provided by OakNorth Bank and terms were not disclosed.

TriSpan Rising Stars Acquires Majority Stake in Pho

August 2, 2021

Restaurants & Hospitality

TriSpan's Rising Stars restaurant fund has acquired a significant majority stake in Pho, the UK-based Vietnamese casual dining group that operates 30 restaurants and 3 cloud kitchens. The founders and management retain meaningful ownership and the business will be led by Patrick Marrinan as Managing Director with TriSpan supporting a UK and international growth plan; terms were not disclosed.

Pacific General and Kline Hill Lead Continuation Vehicle Investment in NAYA

August 6, 2025

Restaurants & Hospitality

Pacific General led a single-asset continuation vehicle (CV) for Naya Group LLC (NAYA), co-led by Kline Hill Partners with a meaningful reinvestment from TriSpan. The CV provides liquidity to existing TriSpan investors while supplying growth capital to scale the fast-casual Mediterranean brand nationally from its New York base (35 stores across multiple states).

TriSpan (Rising Stars) Acquires Majority Stake in Shell Shack

November 18, 2021

Restaurants & Hospitality

TriSpan's restaurant platform Rising Stars acquired a majority stake in Shell Shack, a Texas-based experiential seafood and crab-boil restaurant concept. The investment will provide financial and operating resources to support Shell Shack's growth and national expansion plans; financial terms were not disclosed.

TriSpan Rising Stars Makes Strategic Growth Investment in Maman

December 21, 2020

Restaurants & Hospitality

TriSpan’s Rising Stars platform made a strategic growth investment in Maman, a French‑themed café and bakery founded in 2014 with multi‑unit locations in New York and Toronto. The capital is intended to accelerate Maman’s expansion plans and scale the brand nationally and beyond; financial terms were not disclosed.

TriSpan Rising Stars Invests in L'Atelier Entrecôte & Volaille

May 18, 2023

Restaurants & Hospitality

TriSpan's Rising Stars restaurant program has invested in L'Atelier Entrecôte & Volaille alongside CEO Hubert Lansac to support a planned European rollout. Terms were not disclosed; the investment expands TriSpan's portfolio of restaurant investments across Europe.