Latest news with #BillHart
Reuters
03-07-2025
- Business
- Reuters
Lazard hires BofA banker to strengthen financial sponsors division, source says
July 3 (Reuters) - Investment bank Lazard (LAZ.N), opens new tab has hired Bank of America's (BAC.N), opens new tab Bill Hart to lead their financial sponsors division's coverage focused on West Coast clients, a person familiar with the move said on Thursday. Hart, who has over a decade of working experience with financial sponsors, will oversee large and mid-cap sponsors at the investment bank starting this fall season, the person said. He is currently the managing director for financial sponsors - private equity firms and other buy-side funds - at Bank of America's wealth management and investment division. The move is in line with Lazard's efforts to bulk up their activity involving buyout firms and alternative asset managers as it looks to increase its share in private capital. However, Lazard CEO Peter Orszag had warned in his post-earnings conference call last quarter that economic uncertainty could keep dealmaking in check. In 2024, Lazard hired Adam Cady from Bank of America for North America's large-cap financial sponsor coverage and Courtney Haydon from Guggenheim Securities for dealmaking involving private equity firms and alternative asset managers. The investment bank also hired former Citigroup dealmaker Ali Syed to cover sovereign wealth funds and pension funds last year.
Yahoo
19-06-2025
- Business
- Yahoo
TSCP acquires fast-casual chain Bubbakoo's Burritos
St Louis, Missouri-based private equity company Thompson Street Capital Partners (TSCP) has acquired New Jersey-based Bubbakoo's Burritos, a fast-casual Mexican-fusion restaurant franchisor, for an undisclosed sum. Bubbakoo's Burritos was established in Wall Township, New Jersey in 2008 by Bill Hart and Paul Altero, with a twist on traditional Mexican offerings. The brand, which emphasises made-to-order food, began franchising in 2015 and has since grown to 130 locations across 15 states, primarily on the US East Coast and in the Midwest. This strategic acquisition by TSCP comes as the fast-casual category continues to outpace other foodservice segments. Consumer trends show a preference for flavourful, customisable cuisine and investors are gaining interest in scaleable restaurant concepts. Legal advice for the transaction was provided by Sidley Austin. TSCP managing partner Bob Dunn stated: 'Bubbakoo's has created an innovative and compelling brand that resonates with a broad and growing customer base.' 'Bill and Paul have built something special — an exciting concept with strong franchisee relationships, consistent unit growth and a passionate following. We are thrilled to partner with the team as they enter this next phase of expansion.' Bubbakoo's co-founder Altero added: 'Thompson Street Capital Partners brings deep experience in scaling founder-led businesses and shares our passion for supporting franchisees and delivering great experiences to customers.' 'With their support, we're confident Bubbakoo's can accelerate its growth into new markets, invest in technology and infrastructure, and continue building a world-class franchise system.' In February 2024, Bubbakoo's Burritos launched an outlet in West Haverstraw, New York, marking the 15th location for franchise operators Perry and Fenil Patel. "TSCP acquires fast-casual chain Bubbakoo's Burritos" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
18-06-2025
- Business
- Business Wire
Thompson Street Capital Partners Acquires Bubbakoo's Burritos, a Rapidly Growing Mexican-Fusion Fast-Casual Franchisor
ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today it has acquired Bubbakoo's Burritos (Bubbakoo's), a New Jersey-based franchisor of fast-casual Mexican-fusion restaurants. Terms of the transaction were not disclosed. Founded in 2008 in Wall Township, New Jersey by restaurant industry veterans Bill Hart and Paul Altero, Bubbakoo's delivers a bold twist on traditional Mexican fare. With a focus on made-to-order food and a vibrant restaurant experience, Bubbakoo's began franchising in 2015. The brand has since expanded to more than 130 locations across 15 states, primarily along the East Coast and Midwest. This acquisition comes at a time when the fast-casual category continues to outperform broader foodservice segments, driven by evolving consumer preferences for flavorful, customizable cuisine and growing investor appetite for scalable restaurant concepts. 'Bubbakoo's has created an innovative and compelling brand that resonates with a broad and growing customer base,' said Bob Dunn, Managing Partner at TSCP. 'Bill and Paul have built something special—an exciting concept with strong franchisee relationships, consistent unit growth, and a passionate following. We are thrilled to partner with the team as they enter this next phase of expansion.' 'We see tremendous opportunity to support Bubbakoo's continued growth by investing in technology, brand development, infrastructure, and franchisee support systems,' said Joe St. Geme, Managing Director at TSCP. 'The Company has built a strong foundation, and our team is eager to help accelerate growth while maintaining the culture and values that have made Bubbakoo's a success.' 'From our earliest days in New Jersey to now having more than 130 locations across the country, we've been incredibly proud to see our vision resonate with guests, franchisees, and communities,' said Mr. Hart, Co-Founder of Bubbakoo's. 'Our growth has always been grounded in our commitment to food quality, hospitality and a culture that values individuality and innovation.' 'Thompson Street Capital Partners brings deep experience in scaling founder-led businesses and shares our passion for supporting franchisees and delivering great experiences to customers,' added Mr. Altero, Co-Founder of Bubbakoo's. 'With their support, we're confident Bubbakoo's can accelerate its growth into new markets, invest in technology and infrastructure, and continue building a world-class franchise system.' Sidley Austin acted as legal advisor to TSCP. About Thompson Street Capital Partners Thompson Street Capital Partners ( is a middle-market private equity firm that helps transform already exceptional businesses into market leaders. Based in St. Louis, Missouri, TSCP invests globally in the life sciences and healthcare, software and technology, business and consumer services and products sectors. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.
Yahoo
18-06-2025
- Business
- Yahoo
Thompson Street Capital Partners Acquires Bubbakoo's Burritos, a Rapidly Growing Mexican-Fusion Fast-Casual Franchisor
Transaction underscores TSCP's continued investment in founder-led, scalable franchisors ST. LOUIS, June 18, 2025--(BUSINESS WIRE)--Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today it has acquired Bubbakoo's Burritos (Bubbakoo's), a New Jersey-based franchisor of fast-casual Mexican-fusion restaurants. Terms of the transaction were not disclosed. Founded in 2008 in Wall Township, New Jersey by restaurant industry veterans Bill Hart and Paul Altero, Bubbakoo's delivers a bold twist on traditional Mexican fare. With a focus on made-to-order food and a vibrant restaurant experience, Bubbakoo's began franchising in 2015. The brand has since expanded to more than 130 locations across 15 states, primarily along the East Coast and Midwest. This acquisition comes at a time when the fast-casual category continues to outperform broader foodservice segments, driven by evolving consumer preferences for flavorful, customizable cuisine and growing investor appetite for scalable restaurant concepts. "Bubbakoo's has created an innovative and compelling brand that resonates with a broad and growing customer base," said Bob Dunn, Managing Partner at TSCP. "Bill and Paul have built something special—an exciting concept with strong franchisee relationships, consistent unit growth, and a passionate following. We are thrilled to partner with the team as they enter this next phase of expansion." "We see tremendous opportunity to support Bubbakoo's continued growth by investing in technology, brand development, infrastructure, and franchisee support systems," said Joe St. Geme, Managing Director at TSCP. "The Company has built a strong foundation, and our team is eager to help accelerate growth while maintaining the culture and values that have made Bubbakoo's a success." "From our earliest days in New Jersey to now having more than 130 locations across the country, we've been incredibly proud to see our vision resonate with guests, franchisees, and communities," said Mr. Hart, Co-Founder of Bubbakoo's. "Our growth has always been grounded in our commitment to food quality, hospitality and a culture that values individuality and innovation." "Thompson Street Capital Partners brings deep experience in scaling founder-led businesses and shares our passion for supporting franchisees and delivering great experiences to customers," added Mr. Altero, Co-Founder of Bubbakoo's. "With their support, we're confident Bubbakoo's can accelerate its growth into new markets, invest in technology and infrastructure, and continue building a world-class franchise system." Sidley Austin acted as legal advisor to TSCP. About Thompson Street Capital Partners Thompson Street Capital Partners ( is a middle-market private equity firm that helps transform already exceptional businesses into market leaders. Based in St. Louis, Missouri, TSCP invests globally in the life sciences and healthcare, software and technology, business and consumer services and products sectors. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions. View source version on Contacts Jeremy MilnerGregory FCAjmilner@ (401) 862-9422 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
15-05-2025
- General
- CTV News
Calgary retirement home grants wish for 86-year-old senior
86-year-old Bill Hart's simple wish for a day out fishing was granted by Prominence Way Retirement Community, the Calgary seniors' home where he lives.
