First Watch Restaurant Group Announces Secondary Offering of 5,000,000 Shares of Common Stock

Strategic Insights -

First Watch Restaurant Group, Inc., the leading Daytime Dining concept, has announced the launch of a secondary offering of 5,000,000 shares of its common stock by certain funds managed by Advent International, L.P. The offering is being made by the selling stockholders, with the company not selling any shares and receiving no proceeds from the offering. Barclays and Goldman Sachs & Co. LLC are acting as the underwriters of the offering.

Key Takeaways:

  • The secondary offering involves the sale of 5,000,000 shares of First Watch Restaurant Group's common stock by certain funds managed by Advent International, L.P.
  • The selling stockholders will receive all the proceeds from the offering, with the company not participating in the sale and receiving no proceeds.
  • Barclays and Goldman Sachs & Co. LLC are acting as the underwriters of the offering.
  • The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission.
  • Prospective investors should read the prospectus and other documents filed with the SEC for more information about the company and the offering.

Statistics:

  • 5,000,000 shares of common stock are being sold in the secondary offering.
  • The proceeds from the offering will go to the selling stockholders.
  • The company will not receive any proceeds from the offering.
  • The shelf registration statement and prospectus can be obtained from Barclays Capital Inc. or Goldman Sachs & Co. LLC.

Sources:

  • Globe Newswire, Aug. 06, 2025
  • First Watch Restaurant Group press release, Aug. 06, 2025
  • U.S. Securities and Exchange Commission filings, accessible on the SEC's website at www.sec.gov
  • First Watch Restaurant Group's website at https://investors.firstwatch.comfinancial-information/sec-filings