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    Madera Group Raises $20.95M in Funding to Expand Tocaya Organica

  • Industry News November 28, 2018

    Los Angeles based hospitality company The Madera Group, LLC announced the completion of a round of equity funding with a $20.85 million capital raise. The investment comes from Breakwater Management LP (“Breakwater”), a provider of flexible capital solutions to growing lower middle market companies. The investment will fund The Madera Group’s continued geographic expansion of Tocaya Organica, a fresh-casual Modern Organic Mexican concept with 10 locations across Southern California and Arizona; Toca Madera, a fine dining establishment that serves premium organic Mexican food coupled with a high-energy atmosphere; and Casa Madera, a fine dining and beach lounge concept established in partnership with Caesars Entertainment.

    One of TMG’s main goals in 2018 was to bring on an institutional partner to assist in its further development. “As we institutionalize our corporate infrastructure, Breakwater has been able to provide us valuable support given its experience in the sector coupled with its understanding of our brand, long-term goals and unique value proposition,” says TMG Partner & CFO Mikey Tanha.

    Saif Mansour, Managing Partner at Breakwater, comments, “The Madera Group team has done a remarkable job developing its Tocaya Organica and Toca Madera concepts, having built two strong brands with attractive unit economics and loyal customer followings. We are delighted to support them as they continue to expand their innovative dining concepts.”

    Founded in 2013, TMG sets a new standard in lifestyle hospitality and continues to evolve the sustainable, health-conscious dining experience. The group’s strategic expansion includes an additional 13 venues opening throughout the U.S. and abroad by the end of 2019.

    “This transaction provides us with capital to continue our rapid growth and further our goal of delivering elevated dining experiences that make eating well effortless,” adds Amrou Manaseer, co-founder of TMG. Co-Founder Tosh Berman added, “We are thrilled to be partnering with Breakwater as we continue to open more Tocaya Organica units domestically, and selectively expand Toca Madera and Casa Madera both in the U.S. and abroad.”

    News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.