Private-equity firm took stake in Yardbird in October
Private-equity group TriSpan Rising Stars L.P. has bought the New York-based Rosa Mexicano from Goode Partners LLC, the companies announced Wednesday.
Trispan, which in October made a “significant” investment in the Miami-based Yardbird Southern Table & Bar, did not release details of the deal. Casual-dining Rosa Mexicano has 12 units nationally.
“We are thrilled to complete this purchase and look forward to working with this talented management team to further enhance the brand and add dynamic new locations to the group,” said Jessica Mornelli, a TriSpan partner, in a statement. “The current management team will remain in place."
Founded in 1984 in New York City, Rosa Mexicano has expanded to Boston, Los Angeles, Miami, San Francisco and Washington, D.C. as well as to the National Harbor development in Maryland and the Riverside Square development in Hackensack, N.J.
The menu features regional Mexican cuisine and guacamole prepared tableside.
"With TriSpan's partnership, we are looking forward to building on the existing units," said Chris Westcott, who will move from Rosa Mexicano chief operating officer to president and CEO.
TriSpan, with offices in New York and London, was established in 2015 to invest private equity in growing restaurant and food and beverage concepts.
Contact Ron Ruggless at [email protected]
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