Carlsbad, Calif.-based Project Pie today announced a partnership with NYC-based Lee Equity Partners, headed by investor Thomas H. Lee. Terms of the transaction were not disclosed.

According to a news release, Lee Equity's access to capital and strategic resources are well suited to accelerate Project Pie's next phase of growth across the U.S. and internationally. Project Pie was developed by James Markham, who founded the company in 2012.

"I could not be more excited about partnering with Lee Equity Partners," Markham said. "In addition to the  capital that they plan to invest into Project Pie to support our growth, I am equally excited about being associated with Tom Lee, who has a long-term track record of successful, well-known consumer and retail investments. With their strategic partnership and our collective vision, I have great confidence in our ability to execute our plan to become the leader in the fast casual pizza industry."

Throughout the past 40 years, Lee has invested in excess of $10 billion of capital in more than 100 transactions. His involvement includes brands such as General Nutrition Centers, Dunkin' Brands, Snapple Beverage Corp. and Playtex Products Inc.

"I see the tremendous growth potential for a brand like Project Pie, which is why we're excited to help grow the business alongside James Markham to be the leader in the fast-casual pizza segment. James is a pioneer and visionary in this industry, and we believe that this is a brand and concept which can succeed across the country and internationally," Lee said in the release.

North Point Advisors LLC served as exclusive advisor to Project Pie in the transaction with Davis Wright Tremaine LLP as the company's legal counsel. Lee Equity was represented by Dorsey & Whitney LLP.

Read more about franchising and growth.

Carlsbad, Calif.-based Project Pie today announced a partnership with
NYC-based Lee Equity Partners, headed by investor Thomas H. Lee. Terms
of the transaction were not disclosed.

According to a news release, Lee Equity's access to capital and strategic resources are well suited
to accelerate Project Pie's next phase of growth across the U.S. and internationally. Project Pie was developed by James Markham, who founded the
company in 2012.

"I could not be more excited about partnering with Lee Equity
Partners," Markham said. "In addition to the capital that they plan to
invest into Project Pie to support our growth, I am equally excited
about being associated with Tom Lee, who has a long-term track record
of successful, well-known consumer and retail investments. With their
strategic partnership and our collective vision, I have great
confidence in our ability to execute our plan to become the leader in
the fast casual pizza industry."

Throughout the past 40 years, Lee has invested in
excess of $10 billion of capital in more than 100 transactions. His
involvement includes brands such as General Nutrition Centers, Dunkin'
Brands, Snapple Beverage Corp. and Playtex Products Inc.

"I see the tremendous growth potential for a brand like Project Pie,
which is why we're excited to help grow the business alongside James
Markham to be the leader in the fast-casual pizza segment. James is a
pioneer and visionary in this industry, and we believe that this is a
brand and concept which can succeed across the country and
internationally," Lee said in the release.

North Point Advisors LLC served as exclusive advisor to Project Pie in
the transaction with Davis Wright Tremaine LLP as the company's legal
counsel. Lee Equity was represented by Dorsey & Whitney LLP.

 Read more about franchising and growth. http://www.pizzamarketplace.com/research/232/Franchising-Growth


 

 

 

Related Content

User Comments – Give us your opinion!
Products & Services

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

Can you prove your restaurant POS is PCI-compliant?

http://global.networldalliance.com/new/images/products/1292.png

1292/Can-you-prove-your-restaurant-POS-is-PCI-compliant

DriverAdvisor Fleet Monitoring

http://global.networldalliance.com/new/images/products/DriverAdvisor_iix.gif

1425/DriverAdvisor-Fleet-Monitoring

Put your menu in your customers' pocket

http://global.networldalliance.com/new/images/products/1293.png

1293/Put-your-menu-in-your-customers-pocket

PeopleMatter SCHEDULE™

http://global.networldalliance.com/new/images/products/4628.png

4628/PeopleMatter-SCHEDULE

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

Enterprise Reporting & Management

http://global.networldalliance.com/new/images/products/6813.png

6813/Enterprise-Reporting-Management

Digital Menu Boards and ROI
Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.