Foley Hoag Represents Mill Road Capital in $31M Private Placement Financing in Noodles and Company

June 19, 2017

Foley Hoag LLP recently represented private investment firm Mill Road Capital (Mill Road) in its $31.5 million private placement of Class A common stock in Noodles & Company. Noodles & Company is a fast-casual restaurant chain headquartered in Broomfield, CO offering a wide variety of noodle and pasta dishes inspired by global flavors. Proceeds of the financing will be used to strengthen the Noodles & Company balance sheet, fund strategic initiatives and build the company brand.

Mill Road is focused on investing in and partnering with publicly traded micro-cap companies in the U.S. and Canada, with a strong record of investments in consumer brands, including in the restaurant industry. The firm has raised approximately $670 million of aggregate equity capital commitments and has offices in Greenwich, CT and the San Francisco Bay Area.

Foley Hoag attorneys Peter Rosenblum, John Hancock, Gabrielle Bernstein and Anderson Chang represented Mill Road in the transaction.