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The deal demonstrates that family-owned brands in niche categories can access growth capital without compromising the heritage that defines their market position.
JRI Hospitality CEO Jason Ingermanson discusses acquisition discipline, private equity interest and why Freddy’s Frozen Custard & Steakburgers could eventually go public.
L Catterton, which acquired Thorne for approximately $680 million in a take-private transaction in 2023, is seeking a valuation of as much as $4 billion.
The investment would be made through the firm's Dyal HomeCourt Partners fund, which already owns minority stakes in the Atlanta Hawks, Sacramento Kings and Minnesota Timberwolves.