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Velvet Taco Receives Significant Investment From Leonard Green & Partners

Nov 30, 2021•almost 4 years ago
Dallas

Description

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 Information

Company

Velvet Taco

Location

Dallas, Georgia, United States

About

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.