Breakwater Management Completes Growth Investment in Veggie Grill

Private investment firm backs award-winning veggie-centric restaurant chain based in Southern California, to support continued expansion of popular concept.

LOS ANGELES, December 2014 – Breakwater Management, LP (“Breakwater”) is pleased to announce the recent closing of a significant growth-capital investment into The Veggie Grill, Inc., out of its Breakwater Credit Opportunities Fund, L.P. Based in Los Angeles, Breakwater is a private investment firm that specializes in direct investments in leading middle market growth companies.

“We are delighted to be partnering with Breakwater during this period of strong expansion at  Veggie Grill,” said Greg Dollarhyde, CEO at Veggie Grill. “Having added twelve new restaurant locations in the last 24 months, this well-structured financing provides additional capital to support our continuing growth initiatives.”

Saif Mansour, Managing Partner at Breakwater, said: “The concept is very well positioned in the industry, with Veggie Grill outlets providing a unique niche and highly differentiated menu offering within the better-for-you fast-casual restaurant segment. We are delighted to be supporting Greg Dollarhyde and the talented team at Veggie Grill, as the business moves into the next phase of its expansion.”

Headquartered in Santa Monica, California, Veggie Grill represents the very best of contemporary, fast-casual veggie-centric cuisine, and operates 26 locations in the Western United States. The company’s lead equity investor is California-based Brentwood Associates, a consumer-focused private equity group with significant experience in successful restaurant investing.

ABOUT BREAKWATER MANAGEMENT, LP

Breakwater Management is a private investment firm that makes direct equity and debt investments in leading lower middle market growth companies. The firm aligns itself with committed management teams, owners, and sponsors, providing both capital and operating expertise to propel emerging businesses into their growth curve. Breakwater is a diversified alternative asset manager that offers independent and institutional investors access to multiple investment vehicles that serve the lower middle market’s growth capital needs.

To learn more about Breakwater, visit http://www.breakwatermgmt.com or call (424) 777-4000.

 

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Dear friends,

It is with profound sadness that we relay news of the recent death of our partner Saif Mansour. Saif passed away suddenly on October 27th due to an undiagnosed heart condition.

Saif founded Breakwater in 2009 as a young entrepreneur, with the vision of creating an investment firm that reflected his commitment to excellence, integrity, and long-term partnership. He was an incredibly intelligent, energetic, kind, and charismatic person, and a great connector of people who brought joy to everyone who knew him. He was a talented investor, a wonderful friend, and a natural leader.

Saif’s passion for Breakwater was surpassed only by his enormous love for his wife and their two young children. We grieve with them and extend our deepest sympathies to all of his family and friends.

We are heartbroken by this terrible loss but will honor Saif’s memory by continuing to build a firm that reflects his entrepreneurial spirit and core values. May his memory be a blessing to us all.

Sincerely,
The Breakwater Family

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