Quilvest Capital Partners, a prominent global investment firm specializing in the mid and lower mid-market, has announced its successful exit from Metro Franchising (Metro) in a transaction with Beach Point Capital Management LP. This marks another milestone for Quilvest, which boasts over $7 billion in assets under management (AUM) and a rich, century-long heritage rooted in seven generations of family ownership.
Metro Franchising stands as a leading franchisee within the Dunkin’ system, notably the largest in the bustling New York City metropolitan area. Operating 105 units, Metro is a significant player in the quick service restaurant (QSR) sector, leveraging Dunkin’s globally recognized brand offering coffee, donuts, baked goods, and a variety of snacks.
Quilvest Capital Partners’ involvement proved transformative for Metro. Under their guidance and investment, Metro experienced substantial growth, expanding from 44 units at the time of Quilvest’s initial investment to an impressive 105 units today. This expansion was fueled by seven strategic acquisitions and the opening of 23 de novo locations, effectively more than doubling Metro’s presence across the New York City metro region and Long Island.
This growth was not solely organic. Quilvest actively supported Metro’s infrastructure development, investing significantly in crucial areas such as human capital, financial systems, and IT infrastructure. These investments were instrumental in enabling Metro to scale its operations efficiently and effectively. Furthermore, Quilvest bolstered Metro’s governance by establishing a professional board, appointing independent members with extensive expertise in the QSR industry. This strategic move provided management with invaluable support and guidance for navigating growth initiatives and optimizing performance.
Quilvest Capital Partners’ investment in Metro was predicated on a thorough industry analysis, a strong alignment with Metro’s management team, and the conviction that Quilvest’s sector-specific expertise could unlock significant performance improvements and growth potential within the business. This successful exit underscores the effectiveness of Quilvest’s investment strategy and their ability to identify and nurture high-potential businesses.
Jared Nagae, Managing Director at Quilvest Capital Partners, expressed his satisfaction with the outcome, stating, “We are delighted by Metro’s transformation and growth under our sponsorship. This investment is a strong example of Quilvest’s strategy of identifying high-potential businesses, partnering with exceptional management teams, and driving value through strategic initiatives, such as unit growth through both de novo builds and acquisitions. We are confident that Metro is well positioned for continued growth and are excited to continue to see it prosper.”
Stuart Cohen, CEO of Metro, also acknowledged the pivotal role of Quilvest in Metro’s journey, remarking, “Quilvest has been a tremendous partner for Metro. Together, we have grown the business substantially and have set the Company up to continue to flourish, in our next chapter.”
Kroll Investment Banking served as the financial advisor and Greenberg Traurig, P.A. as the legal advisor to both Metro and Quilvest Capital Partners on this transaction.
About Quilvest Capital Partners
Quilvest Capital Partners stands as a leading global investment firm exclusively focused on the mid-market segment. Their investment approach is diversified across four key strategies: Buyout, Primaries, Co-Investments and Secondaries, Private Credit, and Real Estate.
With a pioneering legacy in the alternative investment sector, Quilvest prides itself on a rich history spanning decades and numerous business cycles. The firm manages over $7 billion in AUM on behalf of a prestigious global investor base, including prominent pension plans, sovereign wealth funds, insurance companies, and family offices. Quilvest’s heritage traces back to 1917, originating from managing the wealth of its founding shareholder, the Bemberg family, a responsibility they continue to uphold.
Operating from six offices strategically located worldwide, Quilvest’s team is dedicated to identifying and capitalizing on global trends and themes that underpin each investment strategy. This thematic approach is complemented by an extensive global network of valuable relationships, enabling Quilvest to source and invest in prime opportunities for their investors and partners.
Quilvest Capital Partners is committed to upholding the highest standards of excellence. The firm offers a best-in-class infrastructure and the professionalism expected of a leading global investment firm, while maintaining the personal, entrepreneurial, and agile approach that defines its origins.
For further details, please visit www.quilvestcapitalpartners.com
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SOURCE Quilvest Capital Partners
