TriSpan (Rising Stars) Acquires Majority Stake in Shell Shack

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.

TriSpan (Rising Stars) Acquires Majority Stake in Naya Group

October 30, 2020

Restaurants & Hospitality

TriSpan’s restaurant platform Rising Stars acquired a majority investment in Naya Group, a fast-casual Middle Eastern/Mediterranean restaurant chain headquartered in New York. The investment will support Naya’s growth plans to scale its footprint across New York and into additional markets; financial terms were not disclosed.

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 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.

Trivest Partners Acquires Stake in Star Shuttle

May 30, 2024

Transportation

Trivest Partners has partnered with and acquired a stake in Star Shuttle, a San Antonio-based motorcoach and bus operator founded and run by the Walker family. Trivest will provide capital and operational resources to help Star Shuttle accelerate growth and scale its passenger transportation services across Texas while the Walker family remains in leadership roles.