Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • December 2018 (Revised October 2019)
  • Case
  • HBS Case Collection

Barteca: The Challenge and Opportunity of Private Equity

By: Lena G. Goldberg and Michael S. Kaufman
  • Format:Print
  • | Language:English
  • | Pages:20
ShareBar

Abstract

Andy Pforzheimer and Sasa Mahr-Batuz, co-founders of a highly successful seven-location restaurant brand, had just opened the first location of a new brand. They had mapped out future expansion for both brands but wondered if, rather than lining up an assortment of investors for each expansion location as they had in the past, this was the time to bring in an institutional investor. There were pros and cons. They could benefit by associating with an investment group with deep experience in scaling emerging restaurant chains. And it would be a relief not to have to undertake tedious fundraising for each new location. But, would they lose control of their intensely managed operations? Would the company's valuation be higher if they waited to prove the success of their brands in multiple geographies? How should they evaluate possible transactions and investors?

Keywords

Restaurants; Brands and Branding; Expansion; Private Equity; Strategy; Decision Making

Citation

Goldberg, Lena G., and Michael S. Kaufman. "Barteca: The Challenge and Opportunity of Private Equity." Harvard Business School Case 319-076, December 2018. (Revised October 2019.)
  • Educators
  • Purchase

About The Author

Michael S. Kaufman

General Management
→More Publications

Related Work

    • December 2018 (Revised October 2019)
    • Faculty Research

    Barteca: The Challenge and Opportunity of Private Equity

    By: Lena G. Goldberg and Michael S. Kaufman
Related Work
  • Barteca: The Challenge and Opportunity of Private Equity By: Lena G. Goldberg and Michael S. Kaufman
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College