Brentwood Associates-backed Mediterranean restaurant chain Zoe’s Kitchen has raised about $87.5m by pricing its IPO at the top end of its range.
The company, which marks its 20th year of trading next year, previously filed to raise up to $80.5m by floating on the New York Stock Exchange.
Zoe’s Kitchen priced its IPO at $15 per share, which are set to start trading today under the ticker ZOES.
Jefferies, Piper Jaffray and Baird are acting as lead underwriters for the public listing.
LA-based private equity firm Brentwood Associates is currently 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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