Tracked deals
5
5 tracked deals across 2020-2024.
Private Equity Firm
Consumer
Savory Fund
Draper, UT, United States
Operators investing in operators. Savory Fund focuses on partnering with high-potential restaurant concepts, providing growth capital and operational expertise to scale into multi-unit restaurant brands.
- Focus Areas
- Full-service restaurants, Fast-casual restaurants, Polished casual / restaurant concepts
- Website
- savoryfund.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Growth capital
4 growth capital · 1 buyout
Savory Fund Acquisition Volume by Year
Last 5 years
Supporting Data
Recent Transactions
-
January 31, 2024
- Buyer
- Savory Fund
- Target
- South Block
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Growth capital
Savory (Savory Fund) has made a growth investment in South Block, a 15-unit, health-focused fast-casual restaurant chain founded in Clarendon, Virginia. Founder and CEO Amir Mostafavi will remain in place as Savory uses capital and operating expertise from its $200 million Fund III to accelerate South Block's expansion across the Northeast; terms were not disclosed.
-
November 8, 2023
- Buyer
- Savory Fund
- Target
- Houston TX Hot Chicken (Houston's Hot Chicken)
- Industry
- Restaurants & Hospitality
- Location
- Nevada, United States
- Type
- Growth capital
Savory Fund has made a growth investment in Houston TX Hot Chicken (also referred to as Houston’s Hot Chicken), marking the private equity firm’s 11th portfolio brand. Savory plans to help scale the fast-casual Nashville hot chicken concept through a mix of corporate and franchised openings across existing and new U.S. markets.
-
October 12, 2022
- Buyer
- Savory Fund
- Target
- The Sicilian Butcher
- Seller
- Joey Maggiore, Christina Maggiore
- Industry
- Restaurants & Hospitality
- Location
- Arizona, United States
- Type
- Buyout
Savory Fund has acquired a majority interest in chef Joey Maggiore’s The Sicilian Butcher and its sister concept The Sicilian Baker, committing up to $30 million to support expansion. The Maggiores will remain involved while Savory Fund joins the board and aims to rapidly scale the Arizona-based three-unit brand into new markets (Texas and Las Vegas) with a goal of 20 units over four years.
-
November 10, 2021
- Buyer
- Savory Fund, Mercato Partners
- Target
- Hash Kitchen
- Industry
- Restaurants & Hospitality
- Location
- Arizona, United States
- Type
- Growth capital
Savory Fund, the restaurant-focused vehicle managed by Mercato Partners, has invested $20 million in Scottsdale-based Hash Kitchen to form a new growth partnership. The capital will be used to unify operations and aggressively scale the brunch-centric concept across the western United States, with a target of roughly 30 new locations over the next four years; Hash Kitchen's founders will remain involved and Savory representatives will join the board.
-
October 13, 2020
- Buyer
- Savory Fund
- Target
- Via 313
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Growth capital
Savory (operator-led growth fund) announced an investment in Austin-based Detroit-style pizza chain Via 313 to support multi-unit expansion and new locations. The deal comes from Savory’s closed $100 million fund and pairs Savory’s operational resources with founders Brandon and Zane Hunt to accelerate growth.
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