Gather Holdings, LLC Secures Investment from MGG Investment Group for Oregon-Based Shari’s Restaurants

BEAVERTON, Ore.--(BUSINESS WIRE)--Gather Holdings, LLC today announced that affiliates of MGG Investment Group LP (MGG) have made an investment in the company’s 42 Oregon-based restaurants that operate under the Shari’s Restaurants brand. Financial terms were not disclosed.

“We are pleased to have found a supportive partner in MGG, which recognizes the significant value of our Oregon-based portfolio of Shari’s Restaurants,” said Sam Borgese, owner of Gather Holdings. “MGG has deep knowledge of video lottery gaming operations, which are present in our 42 Oregon restaurants, and we look forward to leveraging their expertise as we continue to provide the delicious meals and entertainment our loyal customers expect.”

Dale Stohr, a Managing Director at MGG, stated, “As a capital partner of choice to entrepreneurs, we are pleased to provide Sam and his team with the resources to drive future growth in Gather’s Oregon portfolio of Shari’s Restaurants.”

Borgese added, “This new capital will ensure our restaurants can continue their recoveries from the challenges presented by the COVID-19 pandemic. I am grateful for the determination, resilience, and grit of our entire team of restaurant operators and support center employees who stood by the business and are the reason we are positioned for success.”

About Gather Holdings, LLC

Gather Holdings, LLC is the parent company of Shari’s Restaurants and Coco’s Restaurants. Shari’s Restaurant, founded in 1978, is one of the largest full-service community restaurant chains in the Pacific Northwest known for its hand-finished pies and breakfast all-day menu. Coco’s Restaurant’s corporate and franchise locations have been serving its world-famous burgers, breakfast, and freshly baked pies to consumers since 1948.

About MGG Investment Group LP

Founded in 2014, MGG is a private investment firm that provides bespoke investment solutions to mid-size and growing lower-middle market companies. MGG works with owners and management teams to help build lasting value, address immediate needs, and solve complex situations while seeking to generate attractive risk-adjusted returns for investors irrespective of and through market cycles. For more information, visit www.mgginv.com.