L Catterton has acquired a stake in Punch Bowl Social, the Denver-based operator of a restaurant and entertainment chain, with Coulton Creek Capital exiting its investment. With locations in nine states, Punch Bowl Social operates restaurants that also include games like bowling, shuffleboard and table tennis.
PE Firms Shy Away From Struggling Retail Industry
The Mountain region of the American West may not include a financial hub like New York, Chicago or Los Angeles, but PE investors have still closed more than 1,000 deals in the area since the start of 2014, according to the PitchBook Platform. Phoenix’s PetSmart, Denver’s Optiv Security and the Las Vegas-based Ultimate Fighting Championship are among the companies to enter PE ownership in recent years as part of multibillion-dollar deals.
The list of the busiest investors in the US Mountain region since the start of 2014 is a who’s who of the private equity space:
1. Audax Group (20)
2. HarbourVest Partners (14)
3. KKR (13)
4. ABRY Partners (12)
T-5. Providence Equity Partners (11)
T-5. Hellman & Friedman (11)
T-5. Apollo Global Management (11)
8. Blackstone (10)
PitchBook Platform users can check out the full data.
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Article by PitchBook
