First Watch sold to private equity firm Freeman Spogli

Terms of the sales from Catterton Partners not disclosed

First Watch, the 92-unit daytime restaurant concept, has been sold by private equity firm Catterton Partners to Freeman Spogli & Co., a Los Angeles-based private equity firm with holdings in El Pollo Loco.

Terms of the deal were not disclosed.

First Watch’s current management team – including president and chief executive Ken Pendery Jr., chief financial officer Ken Cruley and chief marketing officer Chris Tomasso – will remain in place and will

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