MOD Pizza (“MOD”), the pioneer of the fast casual pizza segment, today announced a significant milestone – the first closing on a financing that is expected to exceed $40 million.
PWP Growth Equity, a private equity fund managed by Perella Weinberg Partners that invests in growth-oriented, lower middle market companies, was the lead investor, supported by existing MOD shareholders. This brings the total equity raised by MOD to more than $70 million, establishing the company as one of the most well-capitalized emerging fast casual concepts in the country.
Read the rest of the story at PWP.
March 5, 2015