Latham & Watkins Advises on First Watch Restaurant Group, Inc.’s Secondary Offering of Common Stock

First Watch Restaurant Group, Inc. (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch, and lunch, closed on March 12, 2024 an underwritten secondary offering by certain funds managed by Advent International, L.P. of 6,900,000 shares of the Company’s Common Stock, which included the full exercise of the underwriter’s option to purchase an additional 900,000 shares. The Selling Stockholders received all of the proceeds from the Offering. The Company did not sell any shares of Common Stock in the Offering and did not receive any proceeds from the Offering.

Latham & Watkins LLP represented the underwriter in the offering with a New York capital markets team led by partners Marc Jaffe, Ian Schuman, Peter Sluka, and John Slater, with associates Giulia Franzoso, Alexandra Kustra, and Daniel Weiss.