Advent International Announces Majority Investment in Daytime Cafe Operator First Watch Restaurants

July 27, 2017

Advent to support First Watch’s growth through continued restaurant expansion, increased awareness and operational initiatives

Boston, MA; University Park, FL; New York, NY  (  Advent International, one of the largest and most experienced global private equity investors, today announced that it has agreed to make a majority investment in First Watch Restaurants Inc. (“First Watch”), the prominent breakfast, brunch and lunch concept. First Watch’s existing management team will continue to lead the company and will retain a meaningful equity stake in the business. The transaction is expected to close in the coming weeks. Financial terms were not disclosed. First