Altamont Capital Partners Announces Its Successful Continuation Vehicle Transaction with Tacala
Altamont Capital Partners has successfully closed its first continuation fund, extending its investment in Tacala , the leading Taco Bell franchisee with over 360 locations in the Southeastern US. The oversubscribed transaction was led by Blue Owl Strategic Equity and Pantheon, with participation from other investors and significant reinvestment from Altamont and Tacala management.
Since Altamont's initial investment in 2012, Tacala has grown from 160 to over 360 restaurants and more than quadrupled its earnings. In 2023, Altamont and Tacala management formed a sister company to operate as a franchisee within the 7 Brew drive-thru coffee system. The transaction provides liquidity for existing Altamont investors and capital for Tacala's growth objectives, including the rapid build-out of its 7 Brew business.
Altamont Capital Partners ha concluso con successo il suo primo fondo di continuazione, estendendo il proprio investimento in Tacala, il principale franchisee di Taco Bell con oltre 360 sedi nel sud-est degli Stati Uniti. L'operazione, sovrascritta, è stata guidata da Blue Owl Strategic Equity e Pantheon, con la partecipazione di altri investitori e un significativo reinvestimento da parte di Altamont e della direzione di Tacala.
Dall'investimento iniziale di Altamont nel 2012, Tacala è cresciuta da 160 a oltre 360 ristoranti e ha quadruplicato i suoi guadagni. Nel 2023, Altamont e la direzione di Tacala hanno formato una società sorella per operare come franchisee all'interno del sistema di caffè drive-thru 7 Brew. L'operazione fornisce liquidità agli investitori esistenti di Altamont e capitale per gli obiettivi di crescita di Tacala, inclusa la rapida espansione del proprio business di 7 Brew.
Altamont Capital Partners ha cerrado con éxito su primer fondo de continuación, ampliando su inversión en Tacala, el principal franquiciado de Taco Bell con más de 360 ubicaciones en el sureste de EE. UU. La transacción, que superó las expectativas, fue liderada por Blue Owl Strategic Equity y Pantheon, con la participación de otros inversores y un reinvestimiento significativo por parte de Altamont y la dirección de Tacala.
Desde la inversión inicial de Altamont en 2012, Tacala ha crecido de 160 a más de 360 restaurantes y ha cuadruplicado sus ganancias. En 2023, Altamont y la dirección de Tacala formaron una empresa hermana para operar como franquiciado dentro del sistema de café drive-thru 7 Brew. La transacción proporciona liquidez a los inversores existentes de Altamont y capital para los objetivos de crecimiento de Tacala, incluida la rápida expansión de su negocio de 7 Brew.
알타몬트 캐피탈 파트너스는 첫 번째 지속 가능성 펀드를 성공적으로 마감하며 타칼라에 대한 투자를 확대했습니다. 타칼라는 미국 남동부에 360개 이상의 매장을 보유한 주요 타코 벨 프랜차이즈입니다. 초과 구독된 이 거래는 블루 올 전략적 자산 및 판테온이 주도했으며, 다른 투자자들의 참여와 함께 알타몬트 및 타칼라 경영진의 상당한 재투자가 있었습니다.
2012년 알타몬트의 초기 투자 이후, 타칼라는 160개에서 360개 이상의 레스토랑으로 성장하고 수익을 네 배 이상 증가시켰습니다. 2023년에는 알타몬트와 타칼라 경영진이 7 Brew 드라이브 스루 커피 시스템의 프랜차이즈로 운영하기 위해 자매 회사를 구성했습니다. 이 거래는 기존 알타몬트 투자자들에게 유동성을 제공하고 타칼라의 성장 목표, 특히 7 Brew 사업의 신속한 성장을 위한 자본을 제공합니다.
Altamont Capital Partners a réussi à clôturer son premier fonds de continuation, prolongeant son investissement dans Tacala, le principal franchisé Taco Bell avec plus de 360 emplacements dans le sud-est des États-Unis. La transaction, sursouscrite, a été dirigée par Blue Owl Strategic Equity et Pantheon, avec la participation d'autres investisseurs et un réinvestissement significatif d'Altamont et de la direction de Tacala.
Depuis l'investissement initial d'Altamont en 2012, Tacala est passée de 160 à plus de 360 restaurants et a quintuplé ses bénéfices. En 2023, Altamont et la direction de Tacala ont formé une société sœur pour opérer en tant que franchisé au sein du système de café drive-thru 7 Brew. La transaction offre de la liquidité aux investisseurs existants d'Altamont et du capital pour les objectifs de croissance de Tacala, y compris le développement rapide de son activité 7 Brew.
Altamont Capital Partners hat erfolgreich seinen ersten Fortführungsfonds abgeschlossen und sein Investment in Tacala ausgeweitet, dem führenden Franchise-Nehmer von Taco Bell mit über 360 Standorten im Südosten der USA. Die überzeichnete Transaktion wurde von Blue Owl Strategic Equity und Pantheon geleitet, mit Beteiligung anderer Investoren und erheblichen Reinvestitionen von Altamont und dem Management von Tacala.
Seit der ursprünglichen Investition von Altamont im Jahr 2012 ist Tacala von 160 auf über 360 Restaurants gewachsen und hat seine Einnahmen mehr als vervierfacht. Im Jahr 2023 haben Altamont und die Geschäftsführung von Tacala ein Schwesterunternehmen gegründet, das als Franchise-Nehmer im 7 Brew Drive-Thru-Coffee-System agiert. Die Transaktion bietet bestehenden Altamont-Investoren Liquidität und Kapital für die Wachstumsziele von Tacala, einschließlich des schnellen Aufbaus ihres 7 Brew-Geschäfts.
- Successful closure of Altamont's first continuation fund
- Tacala's growth from 160 to over 360 restaurants since 2012
- More than quadrupled earnings since Altamont's initial investment
- Expansion into 7 Brew drive-thru coffee system
- Significant capital provided for future growth objectives
- None.
Insights
This transaction marks a significant milestone for Altamont Capital Partners and Tacala The successful close of Altamont's first continuation fund, oversubscribed and backed by major investors, demonstrates strong confidence in Tacala's business model and growth potential. Since Altamont's initial investment in 2012, Tacala has shown impressive growth, expanding from 160 to over 360 restaurants and more than quadrupling its earnings.
The deal provides liquidity for existing investors while securing significant capital for future growth. This positions Tacala for further expansion within the Taco Bell system and beyond, including the rapid build-out of its 7 Brew coffee business. The multi-brand approach could diversify revenue streams and potentially increase overall profitability.
For investors, this continuation fund structure allows Altamont to retain a high-performing asset while providing liquidity options. It's a positive signal for both Altamont's investment strategy and Tacala's operational excellence in the competitive fast-food sector.
The continuation fund transaction for Tacala, the largest Taco Bell franchisee, reflects broader trends in the fast-food industry and private equity landscape. With over 360 locations in the Southeastern U.S., Tacala's success underscores the resilience of the quick-service restaurant (QSR) sector, particularly in value-oriented brands like Taco Bell.
The expansion into the 7 Brew drive-thru coffee system is a strategic move, tapping into the growing demand for convenient, on-the-go coffee options. This diversification could help Tacala capture a larger share of the $36 billion U.S. coffee market, complementing its strong position in the Mexican-inspired fast-food segment.
The oversubscribed nature of the transaction, with participation from notable investors, indicates strong market appetite for well-performing QSR assets. This deal structure may set a precedent for similar arrangements in the industry, potentially influencing how private equity firms manage long-term investments in the food service sector.
Since Altamont first invested in Tacala in 2012, the company has grown from 160 to over 360 restaurants and more than quadrupled its earnings. In addition, in 2023, Altamont and Tacala management formed a sister company to Tacala to operate as a franchisee within the 7 Brew drive thru coffee system. While the transaction enabled liquidity for existing Altamont investors, it also provides significant capital to support the company's go-forward growth objectives in the Taco Bell system and beyond, including the rapid build-out of its 7 Brew business.
"We are excited to announce our continued partnership with Tacala following such a successful collaboration over the past decade," said Randall Eason, Altamont Managing Director. "We look forward to supporting the business as it embarks on its next phase of growth as a multi-brand platform."
"It brings us great pleasure to be continuing on with Altamont as our partner," said Joey Pierson, CEO of Tacala. "The new capital from this transaction will allow us to more rapidly achieve our next stage of growth. While it's an exciting step forward, our focus will remain the same: serve our customers, serve our teams, and serve our communities with kindness."
Lazard acted as lead financial advisor to Altamont and Jefferies acted as co-advisor. Weil, Gotshal & Manges LLP served as legal counsel to Altamont.
About Tacala
Based in
About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With over
About Pantheon
Pantheon is a leading global private markets specialist, currently investing
Contact: Zazni Vlijter, zvlijter@narrativedc.com
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SOURCE Altamont Capital Partners
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