Sycamore Partners, a private equity firm specialising in consumer, distribution and retail-related investments, has acquired Playa Bowls, a rapidly expanding franchise restaurant concept, from Tamarix Equity Partners and other investors.
Since its inception in 2014, Playa Bowls has grown to become the No1 player in the superfruit bowl shop segment in the US with over 250 locations across 22 states, offering a diverse and healthy menu including acai, pitaya, mango, green and coconut bowls, juices, smoothies, cold brew and more.
North Point served as the exclusive financial advisor to Playa Bowls in connection with the transaction, with Skadden, Arps, Slate, Meagher & Flom LLP and Ice Miller LLP acting as legal counsel to the Company. Kirkland & Ellis LLP served as legal counsel to Sycamore Partners.
