In June 2018, we invested in Alamo Drafthouse Cinema, the leading dine-in movie theater chain in the US. Founded in 1997, the company is headquartered in Austin, Texas and is an operator and franchisor of over 30 locations across the country.
In February 2015, we acquired Cotton Patch Cafe, a scratch-made Southern food restaurant concept with 45 locations in Texas, Oklahoma, and New Mexico. Founded in 1989, the company is based in Grapevine, Texas.
In February 2016, we acquired Excel Fitness, the largest Planet Fitness franchisee in Texas. Since closing, we have acquired additional Planet Fitness franchisees in Arkansas, Oklahoma, North Carolina and Virginia. Planet Fitness is one of the largest and fastest-growing franchisors of fitness centers in the United States with more than 1,400 locations in operation today. Planet Fitness’ mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment at a value price.
In May 2011, we acquired J.D. Byrider, the Indianapolis-based leading used car sales and finance business consisting of over 140 franchised and company-owned dealerships in over 30 states.
In December 2012, we acquired Tacala and a related company, Boom Foods. In December 2013, Tacala acquired Austaco, a large group of Taco Bell restaurants based in Austin, TX. Tacala is now the largest franchisee of Taco Bell restaurants in the country, operating over 270 in the southern United States. Boom is a leading regional franchisee of Sonic Drive-In with 66 restaurants in four of Tacala’s seven states.
*Former Portfolio Company