Goodwin Advised TriSpan On Successful Closing Of Single-Asset Continuation Vehicle For NAYA

Goodwin advised TriSpan on successful closing of single-asset continuation vehicle for NAYA

Goodwin advised TriSpan, LLP on the successful closing of a single-asset continuation vehicle (CV) for NAYA, a rapidly growing fast-casual restaurant brand. This milestone transaction represents the first-ever single-asset continuation vehicle for a company-owned model restaurant concept and marks the second such transaction that Goodwin has advised TriSpan on this year.

The transaction was led by Pacific General Equity Partners, LLC and co-led by Kline Hill Partners LP, along with participation from a diverse group of existing and new investors. The deal also secured additional equity capital to accelerate the next phase of NAYA’s expansion.

Founded in 2015, TriSpan is a private equity firm with offices in New York and London that focuses on investing in lower middle market companies in North America, Europe, and the United Kingdom. Through its Rising Stars strategy, TriSpan makes control-oriented growth investments in differentiated, high-growth restaurant brands. Since its inception, the firm has completed 24 platform investments and nearly 100 bolt-on acquisitions across its portfolio.

The Goodwin team advising TriSpan was led by Krishna Skandakumar, Jim Moriarty, Zach Lupu and Natalia Kubik, with support from Zac Davidson and Jackson Slaughter (Secondaries); Liz Teixeira, Ana Valeanu and Megan Roques (Private Investment Funds); Aaron Prince, Cusaj Thomas, Andrew Antoun, and Jen Jernstedt (Private Equity); George Davis and Erika Pey (Tax); Paul Jin and Arom Yun (Antitrust); Ai Tajima (Risk Management & Insurance); Bibek Pandey and Hasan Cetin (ERISA); and Daniel Ji (Investment Management). Brian Phillips and Karen Martinez also provided invaluable assistance.

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