Velvet Taco receives significant investment from LGP

DALLAS – November 30, 2021 – Velvet Taco, the popular Dallas-based restaurant concept serving up globally inspired tacos, today announced that Leonard Green & Partners, L.P. acquired a majority stake in Velvet Taco from L Catterton, the largest global consumer-focused private equity firm, and FB Society (formerly Front Burner Restaurants), which spearheaded the creation of Velvet Taco ten years ago. L Catterton and FB Society will retain significant minority ownership stakes in the business. Arlington Capital served as the exclusive financial advisor to Velvet Taco in the transaction.

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