Weil advised First Watch Restaurant Group, Inc. and funds affiliated with Advent International, L.P., as selling stockholders, in a $158.08 million block trade of 8,000,000 shares of First Watch’s common stock sold by funds affiliated with Advent International, L.P. The offering consisted entirely of secondary shares sold by the selling stockholder, who received all of the proceeds from the offering. The transaction priced on November 12, 2024 and closed on November 13, 2024.

First Watch, a portfolio company of Advent International, L.P., is the leading Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients across its network of more than 540 First Watch restaurants in 29 states.

The Weil team was led by Capital Markets Co-Head Alexander Lynch and partner Ashley Butler and included associates Stefan Tsourovakas, Amanda Soled and Yuki Zhang, as well as Public Company Advisory Group Co-Head Lyuba Goltser.