STRATEGIC PARTNERS
September 27, 2013
PIADA Italian Street Food, a fast casual Italian eatery based in Columbus, Ohio, announced that Catterton Partners, a consumer-focused private equity firm, has made a significant investment in the company. Catterton's investment will be used to continue growing the PIADA concept across the country, according to a company press release. Terms of the transaction were not disclosed.
PIADA currently has 14 locations across the Midwest with six planned to open by the end of 2013.
"We are excited to enter into this strategic partnership with Catterton, which has extensive expertise in developing restaurants and expanding brands," said Chris Doody, founder and CEO of PIADA. "We are confident that PIADA's fresh ingredients, innovative menu and customizable options will translate well to new markets throughout the U.S. and beyond. With Catterton's support, we look forward to the continued evolution of our growth strategy as we pursue our goal of building the leading fast casual Italian restaurant company in the country."
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