CapitalSouth SBIC Fund IV has invested USD9.4 million in Fresh Dining Concepts in a combination of senior secured debt and equity.
Headquartered in Delray Beach, Florida, Fresh Dining Concepts is an Auntie Anne’s Inc franchisee that operates 22 in-line stores, baking kiosks, and satellite retail units. Twenty locations are branded as Auntie Anne’s, and two locations are co-branded with Cinnabon. The Company is the fourth largest franchisee in the Auntie Anne’s system and operates stores in New York, Florida, Louisiana, and Puerto Rico.
CapitalSouth Growth Fund investment will help the Company’s next phase of growth.
