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Announced

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T. Rowe Price led a $190m Series F round in Cava.

Synopsis

T. Rowe Price, a private equity firm, led a $190m Series F funding round in Cava, a restaurant chain operator. Additional investors include Equilibra Partners Management, Lighthouse Investment Partners and Declaration Partners. The funding round would help Cava achieve its expansion goals. The latest cash infusion will also fund the brand’s consumer packaged goods line, expanding on its packaged dips and spreads sold in Whole Foods stores across the country.

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