NRD Capital Management, a franchisee-sponsored and managed equity investment fund, purchased a majority position in Fuzzy’s Taco Shop, a 90-unit Fort Worth, Texas-based brand. NRD had previously made a similar investment in Frisch’s Big Boy Restaurants.
“We are finding brands with compelling unit economics and partnering with their existing management teams to maximize the impact that the brand can have through franchising,” said Aziz Hashim, NRD Capital founder and managing partner.