Consumer-focused private equity firm Catterton Partners has invested in Mendocino Farms, a US gourmet sandwich chain known for its support of the slow food movement.
The firm, which made the investment through its $300m 2008 vintage Catterton Growth Partners fund, will join restaurant-focused investment firm and existing Mendocino backer GrowthPoint Partners, which first invested in the company four years ago.
The company, which currently operates through five sites in Los Angeles, will use the investment to finance its expansion into Southern California and eventually to new geographic regions, Catterton said in a statement.
Mendocino was founded in 2005 by Mario Del Pero, an industry veteran known for restaurants such as Skew’s, a hybrid fast food chain that blends beach elements from Baja California and Hawaii, and Blue Cow Kitchen.
Catterton has a history of investing in the US restaurant industry through the backing of Cheddar’s, First Watch, Outback Steakhouse, Noodles & Company and PF Chang’s. Financial terms of the deal were not disclosed.
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