Butterfly Closes $527 Million Continuation Fund to Accelerate Growth for QDOBA

Qdoba gets new private equity investment

An expanding fast-casual Mexican restaurant chain is gaining new funding to fuel its growth.

Qdoba franchisee adding at least 5 new NJ locations

Mexican fast-casual restaurant Qdoba is preparing to add at least five new spots in New Jersey. According to franchisee Intregritty Group (TIG), the launches will kick off soon in Secaucus at 200 Mill Creek Drive. After that, locations will come to Linden, Marlton, Hamilton and Fort Dix, the group said. Pranav Desai, an executive at Pennsylvania-based TIG, said, “We’re looking forward to becoming a go-to spot for locals—whether they’re stopping …

Qdoba secures more funding to accelerate growth

The $527 million round marks Butterfly Equity’s first continuation fund and comes about three years after the PE firm acquired the fast casual chain

Apollo leads $527m continuation fund for Butterfly portfolio company QDOBA

Food and beverage-focused private equity firm Butterfly has sealed a $527m final close of a continuation fund for its portfolio business QDOBA Restaurant Corporation, a Mexican fast-casual franchisor. The post Apollo leads $527m continuation fund for Butterfly portfolio company QDOBA appeared first on AltAssets Private Equity News.

Butterfly Closes $527 Million Continuation Fund to Accelerate Growth for QDOBA

Butterfly, a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced the closing of a $527 million single-asset c...