Boathouse Capital, a Philadelphia-based private equity firm, completed the investment in Fresh Dining Concepts, the third largest Auntie Anne's franchisee and operates over 50 in-line stores, baking kiosks and satellite retail units along the East Coast. Green Shoot Capital co-invested in the deal. Financial terms were not disclosed. "Auntie Anne's has over 1.2k locations in the US and has established a dominant foothold as the world's largest soft-pretzel franchise. We are thrilled to partner with Green Shoot Partners and the FDC management team to build upon the Company’s current success in the Auntie Anne’s franchise system," Steve Gord, Boathouse Capital General Partner.