A cross-practice Goodwin team advised TriSpan on the successful closing of a single-asset continuation vehicle for NAYA, a rapidly growing fast-casual restaurant brand. This landmark transaction represents the first-ever single-asset CV for a company-owned model restaurant concept. The transaction, led by Pacific General Equity Partners, LLC and co-led by Kline Hill Partners LP, alongside a diverse group of existing and new investors, additionally provided equity capital to support the next phase of NAYA’s growth. This marks the second single-asset continuation fund transaction that Goodwin has advised TriSpan on this year.
Founded in 2015, TriSpan, LLP is a private equity firm with offices in New York and London that invests in lower middle market companies in North America, Europe, and the United Kingdom. TriSpan, LLP is committed to creating value by leveraging a combination of deep operational and financial resources to accelerate growth and drive improved performance. Since inception, the firm has completed 24 platform investments, alongside nearly 100 bolt-on acquisitions across its portfolio. TriSpan’s Rising Stars strategy focuses on control-oriented growth investments in differentiated, high-growth restaurant concepts.
The Goodwin team was led by Krishna Skandakumar, Jim Moriarty, Zach Lupu and Nat Kubik and consisted of Zac Davidson and Jackson Slaughter (Secondaries), Liz Teixeira, Ana Valeanu and Megan Roques (Private Investment Funds), Aaron Prince, Cusaj Thomas, Andrew Antoun, and Jen Jernstedt (Private Equity), George Davis, and Erika Pey (Tax), Paul Jin, and Arom Yun (Antitrust), Ai Tajima (Risk Management & Insurance), Bibek Pandey, and Hasan Cetin (ERISA) and Daniel Ji (Investment Management), with invaluable assistance from Brian Phillips and Karen Martinez.
For more information on the deal, please read the press release.