MIAMI — Lafayette Square announced Monday it provided debt financing to Pacific General to support the firm’s majority acquisition of Lenwich Holdings, the New York-based sandwich chain known for its fresh, made-to-order offerings.
The terms of the financing were not disclosed, but the capital will be used to fund Lenwich’s expansion beyond Manhattan, including investments in technology, leadership, and franchise development.
Pacific General, a private equity firm with offices in New York and Seoul, acquired a controlling interest in Lenwich earlier this year. The 14-store chain, originally founded in 1989 by brothers Lenny and Brian Chu, has built a loyal following in New York for its signature sandwiches like the Chicken Caesar Wrap and the Lenwich, made with hot pastrami, corned beef, and coleslaw.
“Supporting Pacific General’s partnership with Lenwich is aligned with our mission to support growing businesses that are well-established fixtures in their communities,” said Damien Dwin, Founder and CEO of Lafayette Square.
Pacific General leaders praised Lafayette Square’s understanding of the restaurant franchise model and its role in backing working-class entrepreneurs.
In addition to capital, Lafayette Square offers its portfolio companies access to Worker Solutions®, a platform designed to help businesses improve employee retention and well-being through third-party benefit providers.
The deal highlights continued interest in scalable, community-rooted food brands as private equity looks beyond traditional growth sectors.
