CapitalSpring

<a href="http://www.mannadevelopment.com/about-us.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=manna-development-group-completes-acquisition-of-38-cafes-to-become-one-of-panera-breads-largest-franchisees-2710066" target="_blank" rel="nofollow" target="_blank">Manna Development Group</a> (&ldquo;Manna&rdquo;) announced today that it has acquired 38 <a href="https://www.panerabread.com/en-us/company/franchise-overview.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=manna-development-group-completes-acquisition-of-38-cafes-to-become-one-of-panera-breads-largest-franchisees-2710066" target="_blank" rel="nofollow" target="_blank">Panera Bread </a>caf&eacute;s in Colorado, expanding Manna&rsquo;s operating footprint to over 130 Panera Bread caf&eacute;s across 7 states.&nbsp;<a href="http://www.capitalspring.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=manna-development-group-completes-acquisition-of-38-cafes-to-become-one-of-panera-breads-largest-franchisees-2710066" target="_blank" rel="nofollow" target="_blank">CapitalSpring</a>, a leading private investment firm focused exclusively on the branded restaurant industry, structured and led the acquisition financing and recapitalization. Owl Rock Capital served as co?lender and lead arranger.

Manna has grown continually from its inception in 2003 when Paul Saber and Patrick Rogers opened their first Panera caf&eacute; in San Diego. Through aggressive new store development and the successful integration of 6 additional acquisitions, Manna has grown to become one of the largest Panera Bread franchisees. Manna&rsquo;s mission statement is built on the Golden Rule, to treat others as we ourselves would want to be treated, and a heart of service and a desire for excellence, all deeply rooted in everything Manna does.

&ldquo;Paul and Patrick have built an amazing culture and tremendous operational discipline throughout their organization,&rdquo; said Chad Spaulding, a Managing Director at <a href="https://1851franchise.com/capitalspring/info/index.html" target="_blank">CapitalSpring</a>, and &ldquo;we are thrilled with the opportunity to invest in one of the best franchise operators in an industry?leading fast casual restaurant brand.&rdquo; Jason Ruiz, a Vice President at CapitalSpring, added &ldquo;We have grown to admire and respect the entire leadership team and look forward to supporting Manna&rsquo;s continued expansion.&rdquo;

&ldquo;CapitalSpring delivered a unique financing solution that allowed us to achieve our strategic goals, while maintaining ownership and control of our company,&rdquo; said Paul Saber, President &amp; CEO of Manna. &ldquo;We have enjoyed building our relationship with CapitalSpring in recent years and have been impressed not only by their ability to deliver on promises, but also their tremendous restaurant perspective and resources. We look forward to a long relationship with CapitalSpring and appreciate their support to date.&rdquo;

Trinity Capital LLC served as financial advisor, and Snell &amp; Wilmer L.L.P. served as legal advisor to Manna in connection with the transaction. CapitalSpring was represented by Chapman &amp; Cutler L.L.P.

Manna Development Group Completes Acquisition of 38 Cafés to Become One of Panera Bread’s Largest Franchisees

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CapitalSpring Helps Manna Retain 38 Panera Bread Cafés

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<a href="https://alloyfranchise.com/">Alloy Personal Training</a> has secured a growth investment from&nbsp;<a href="https://www.capitalspring.com/">CapitalSpring</a> as the boutique personal training brand looks to expand its national footprint.Founded in 1992 by&nbsp;<a href="https://www.linkedin.com/in/teamalloy/">Rick Mayo</a>, Alloy today operates more than 135 franchise locations in 38 states. The brand opened 61 gyms in 2025 after adding 46 locations the year before and now has agreements in place for roughly 400 additional units. Leadership has said the long-term vision is to grow to 800 locations by 2030 with support from&nbsp;<a href="https://1851franchise.com/capitalspring/info">CapitalSpring</a>.“It was time to go in this new direction and see how big we can grow this thing,” Mayo said. “We used to be a speedboat, moving really fast to keep things growing, and now we’re a bit of a cruiser with a great strategic partner helping guide us to the next level. I have no doubt that we found the right partner with CapitalSpring.”&nbsp;Mayo said the decision to partner with CapitalSpring was driven by a desire to add financial sophistication, marketing support and strategic oversight while continuing to operate the business as it does today. There are no planned leadership changes, and Alloy’s boutique personal training model will remain intact.CapitalSpring leaders say Alloy fits the firm’s investment profile, citing strong unit-level economics, disciplined operations, and a differentiated concept in the boutique fitness space. The firm plans to support the brand with resources, analytics and real estate data to help accelerate expansion in a thoughtful, sustainable way.The partnership marks another franchise-focused investment for CapitalSpring as the firm continues to deploy capital across consumer and service-based brands.Read the full article&nbsp;<a href="https://www.franchisetimes.com/franchise_mergers_and_acquisitions/personal-training-franchise-to-accelerate-growth-with-investment-from-capitalspring/article_ced0775c-b00e-449b-8b70-afaecb79fed9.html">here</a>.For more information on CapitalSpring, visit:&nbsp;<a href="https://1851franchise.com/capitalspring/info.">https://1851franchise.com/capitalspring/info.</a>&nbsp;

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Manna Development Group Completes Acquisition of 38 Cafés to Become One of Panera Bread’s Largest Franchisees

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