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Announced

Completed

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

Financials

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Transaction Value£137m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Venture Capital

Domestic

Single Bidder

restaurant chain

Restaurants and Bars

United States

Private

Minority

Private Equity

Acquisition

Completed

Synopsis

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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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