Brentwood-backed Mediterranean restaurant chain Zoe’s Kitchen files for $80.5m IPO


Zoe's KitchenBrentwood Associates-backed Mediterranean restaurant chain Zoe’s Kitchen has filed to raise up to $80.5m by listing its stock on the New York Stock Exchange.

The business, which marks its 20th year of trading next year, has 111 restaurants in 15 US states, and plans to add up to 30 more this year.

Zoe’s Kitchen has sales of $116m for the financial year ending December 30, 2013.

Lead underwriters for the deal include Jefferies, Piper Jaffray and Robert W. Baird & Co.

Los Angeles private equity firm Brentwood Associates is targeting $500m for its latest fund, according to a filing with the SEC.

The filing lists placement agent UBS for Brentwood Associates Private Equity V.

Brentwood is currently investing out of its eighth private equity fund and has assets under management of over $650m. Its most recent vehicle raised $440m in 2008.

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