NEW
YORK, June 15, 2023 /PRNewswire/ -- On
June 15th, CAVA Group Inc.
("Cava") (NYSE: CAVA), the category-defining Mediterranean
fast-casual restaurant brand that brings heart, health, and
humanity to food, began trading on NYSE, having priced its initial
public offering of 14,444,444 shares at $22.00 per share.
The Invus Group, LLC ("Invus"), through its affiliate Artal
International S.C.A. ("Artal"), is proud to have been a partner of
Cava since Cava's 2015 Series A investment round. Artal remains
Cava's largest shareholder following the public offering. Invus
Managing Directors Philippe Amouyal
and Benjamin Felt serve on Cava's
Board of Directors.
"We wholeheartedly congratulate Cava's founders Ted Xenohristos, Ike
Grigoropoulos, Dimitri
Moshovitis, and Brett
Schulman and the entire Cava team on this significant
milestone and beginning of a new chapter for the company," said
Felt. "We have been deeply honored to partner with Cava on their
journey from a handful of restaurants to now hundreds across
the United States, and we look
forward to seeing Cava continue to spread the Mediterranean way in
the years to come."
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Invus and Artal
Invus, as exclusive investment advisor to Artal, is a global
equity investment firm with an evergreen capital structure,
operating out of offices in the U.S., Europe and Asia. Since its founding in 1985, Invus has
focused on empowering entrepreneurs and entrepreneurial teams to
transform their industries across both public and private equity
investments.
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SOURCE The Invus Group, LLC