Cardiff-based Urban Plates has closed a $38 million growth and working capital facility with Goldman Sachs Specialty Lending Group. The upscale fast-casual restaurant brand, founded in 2011 by Saad Nadhir and John Zagara, plans to use the proceeds to expand by building new restaurants around the country.
“We’re thrilled to have advised Urban Plates,” John Goldasich, partner at Arlington Capital Advisors, said via a press release. “Saad Nadhir and his team have developed a category-defining concept that meets the needs of the modern consumer. We look forward to following Urban Plates as the company continues to expand across the U.S.”
The company currently has 13 locations in California.