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NewSpring acquires donut franchise company Duck Donuts

NewSpring acquires donut franchise company Duck Donuts

NewSpring, a family of private equity strategies, has announced that NewSpring Franchise, the firm’s newest strategy focused on investing in innovative franchise and multi-unit concepts, has completed its acquisition of Duck Donuts, one of the nation’s fastest-growing donut franchise companies. Free Fenix, a Charlotte, NC-based hybrid investment company, partnered with NewSpring on the deal, providing a significant investment to further accelerate growth.