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 retain a ...
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