Franchise Fairness Companions (FEP) has introduced the acquisition of a majority stake in 7 Crew, the second-largest franchisee of seven Brew Drive-Via Espresso. This acquisition features a improvement settlement to open greater than 200 new 7 Brew areas throughout Texas, Florida, Oklahoma, and New Mexico. Presently, 7 Crew operates 50 stands.
The enlargement plan is a part of FEP’s technique to spend money on the quick-service restaurant sector, with a concentrate on scalable development. The settlement goals to leverage 7 Crew’s current improvement capabilities and broaden its footprint considerably over the following 5 years.
7 Brew, recognized as one of many fastest-growing espresso manufacturers in the USA, has seen speedy enlargement from 14 models in 2021 to a projected 460 by 2025. The partnership with FEP is anticipated to additional speed up this development trajectory.
Present traders in 7 Crew, together with Masked Rider Capital and Pink Sky Holdings, will preserve important fairness stakes within the firm. This continuity is designed to assist the enterprise because it enters its subsequent part of development.
The monetary phrases of the transaction haven’t been disclosed. Authorized counsel for 7 Crew was offered by Willkie Farr & Gallagher LLP, whereas Davis Wright Tremaine LLP represented FEP. Financing for the transaction was organized via funding funds and accounts managed by HPS Funding Companions.
