Brentwood Associates has made a significant investment in Lazy Dog Restaurant & Bar, a casual dining restaurant company. CEO and founder Chris Simms will continue to lead the company and the management team will retain a substantial ownership stake in the company.
“At Lazy Dog, we’ve always focused on supporting and developing our people, enabling us to provide a high-quality experience for our guests,” said Chris Simms, CEO of Lazy Dog. “As we celebrate our 10th anniversary this August, we are pleased to have found a partner that shares our passion for hospitality and can support our continued expansion of the concept. Brentwood’s experience growing leading national brands and restaurants will be invaluable as we look toward the future.”
Lazy Dog Restaurant & Bar was founded in 2003 and has 12 locations throughout California (www.lazydogrestaurants.com). Lazy Dog represents the fifth investment Brentwood has made in the restaurant industry in the last decade.
“Lazy Dog is a highly differentiated restaurant company that has all of the key tenets we look for – fantastic food, a great culture and top-notch leadership,” said Rahul Aggarwal, Managing Director at Brentwood. “We look forward to our partnership with Chris and his team.”
Brentwood Associates is a consumer-focused private equity investment firm with over $850 million of capital under management. Sectors of interest include branded consumer products; consumer and business services; direct marketing, including direct mail and e-commerce; education; health and wellness; restaurants; and specialty retail. The firm was founded in 1972 and is based in Los Angeles, CA (www.brentwood.com).
Lazy Dog was advised by Piper Jaffray & Co.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-29-13
