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Private equity firm Savory invests in healthy food brand South Block, supporting menu expansion across the northeast, marking the first investment for Savory Fund III.
Private equity firm Savory has announced a growth partnership with South Block, a popular acai brand, to support the chain's expansion efforts.
South Block, which specializes in smoothies, acai bowls, toasts, and cold-pressed juices, will receive financial support from Savory Fund III, a $200 million fund focused on the growth of emerging restaurant concepts.
Amir Mostafavi, the founder and CEO of South Block, will maintain his role post-acquisition.
This is the first investment in Savory Fund III.
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La firma de capital privado Savory invierte en la marca de alimentos saludables South Block, apoyando la expansión del menú en todo el noreste, lo que marca la primera inversión para Savory Fund III.