NRD Capital Management, an Atlanta-based private equity firm specialising in franchised and multi-unit business investments, has appointed John Teza as Director, supporting business development and portfolio company growth.
The addition of Teza, who has nearly two decades of experience leading and working with franchised and multi-unit restaurant brands, is part of NRD’s growth strategy coming out of their recently closed second fund, NRD Partners II. The second fund, which closed on July 11th, had total investor limited partner commitments of USD104 million, exceeding the fund’s target of USD100 million.
“After recently closing Fund II, bringing John on-board was the next step in executing on our strategy of investing in brands that offer superior products/services and compelling unit economics, and maximising their potential through the franchise business model,” says Aziz Hashim, Managing Partner of NRD. “I’ve known John for many years now and I couldn’t be more excited to bring his exceptional experience and guidance to the NRD team.”
NRD is focused on investing in domestic and international franchise concepts ranging from traditional, multi-unit restaurant brands to new and emerging verticals such as healthcare franchising, in order to take advantage of important future trends.
“I am excited to be joining the innovative team at NRD, and to be surrounded by a group of operator-centric investment professionals,” says John Teza. “NRD approaches private equity and the franchise model from a different perspective than anyone else in the industry, which was highly attractive coming from my background working with franchised and multi-unit restaurant brands. I’m looking forward to joining the team and helping to drive continued growth for the firm.”
