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Velvet Taco Receives Significant Investment From Leonard Green & Partners

Velvet Taco Receives Significant Investment From Leonard Green & Partners

11/30/21, 9:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdallas
Velvet Taco (the "Company"), the popular Dallas-based restaurant concept serving up globally inspired tacos, today announced that Leonard Green & Partners, L.P. ("LGP") acquired a majority stake in Velvet Taco from L Catterton, the largest global consumer-focused private equity firm, and FB Society (formerly Front Burner Restaurants), which spearheaded the creation of Velvet Taco ten years ago. L Catterton and FB Society will retain significant minority ownership stakes in the business. Terms of the transaction were not disclosed.

Company Info

Company
Velvet Taco
Location
dallas, georgia, united states
Additional Info
Founded in 2011, the Dallas-based restaurant concept set out to elevate the taco through globally inspired recipes and the freshest ingredients. The acclaimed restaurant provides a broad sampling of international tastes and inventive combinations, delivering flavors that are as memorable as they are delicious. In addition to dozens of local accolades, Velvet Taco was named Nation's Restaurant News' 2016 "Hot Concept" and in 2020 won a Nation's Restaurant News MenuMasters Award in the category of Best Limited-Time Offer for its Weekly Taco Feature. Velvet Taco has almost 30 locations in Texas, North Carolina, Georgia, Illinois, Tennessee, and Oklahoma. For more information, including a complete menu, visit velvettaco.com and follow the brand on Facebook and Instagram @VelvetTaco.