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    SEC Form SC 13G/A filed by First Watch Restaurant Group Inc. (Amendment)

    2/14/24 4:00:38 PM ET
    $FWRG
    Restaurants
    Consumer Discretionary
    Get the next $FWRG alert in real time by email
    SC 13G/A 1 ef20021611_sc13ga.htm SC 13G/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G
     
    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 2)*


    First Watch Restaurant Group, Inc.
     (Name of Issuer)


    COMMON STOCK, $0.01 PAR VALUE PER SHARE
    (Title of Class of Securities)
     
    33748L101
    (CUSIP Number)
     
    December 31, 2023
    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
    ☐ Rule 13d-1(b)
     
    ☐ Rule 13d-1(c)
     
    ☒ Rule 13d-1(d)

    *
    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     
    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 2 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International, L.P.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    34,089,784
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    34,089,784
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    34,089,784
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    57.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 3 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GP, LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    34,089,784
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    34,089,784
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    34,089,784
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    57.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 4 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International VIII, LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    34,089,784
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    34,089,784
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    34,089,784
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    57.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 5 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    GPE VIII GP S.à.r.l.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Luxembourg
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    23,372,568
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    23,372,568
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    23,372,568
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    39.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 6 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,043,069
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,043,069
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,043,069
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 7 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-1 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,217,574
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,217,574
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,217,574
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 8 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-2 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,653,457
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,653,457
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,653,457
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 9 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-3 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,581,893
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,581,893
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,581,893
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    4.3% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 10 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    6,231,541
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    6,231,541
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    6,231,541
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    10.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 11 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-C Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,017,819
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,017,819
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,017,819
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 12 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-D Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    870,483
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    870,483
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    870,483
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.5% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 13 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-F Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    257,957
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    257,957
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    257,957
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 14 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-H Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,285,344
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,285,344
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,285,344
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 15 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-I Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,125,090
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,125,090
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,125,090
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.6% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 16 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-J Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,088,341
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,088,341
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,088,341
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.5% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 17 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    GPE VIII GP Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    9,276,306
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    9,276,306
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    9,276,306
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    15.5% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 18 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-A Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    4,792,307
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    4,792,307
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    4,792,307
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    8.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 19 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-E Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    969,411
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    969,411
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    969,411
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.6% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 20 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-G Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,644,184
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,644,184
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,644,184
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 21 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-K Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    979,876
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    979,876
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    979,876
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.6% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 22 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-L Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    890,528
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    890,528
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    890,528
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.5% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 23 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
     
    AP GPE VIII GP Limited Partnership
     
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,440,910
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,440,910
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,440,910
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.

    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 24 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    75,408
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    75,408
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    75,408
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 25 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    469,961
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    469,961
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    469,961
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 26 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-A Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    90,612
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    90,612
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    90,612
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 27 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-A Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    62,691
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    62,691
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    62,691
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 28 of 36 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-B Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    742,238
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    742,238
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    742,238
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 59,817,629 shares of Common Stock outstanding as of October 30, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2023.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 29 of 36 Pages
    Item 1.
    Issuer
     
     
    (a)
    Name of Issuer:
         
       
    First Watch Restaurant Group, Inc. (the “Issuer”)
         
     
    (b)
    Address of Issuer’s Principal Executive Offices:
         
       
    8725 Pendery Place, Suite 201
    Bradenton, FL 34201

    Item 2.
    Filing Person
     
     
    (a) – (c)
    Name of Persons Filing; Address; Citizenship:
       
    (i)          Advent International, L.P. (f/k/a Advent International Corporation) a Delaware limited partnership;
    (ii)         Advent International GP, LLC, a Delaware limited liability company;
    (iii)        Advent International GPE VIII, LLC, a Delaware limited liability company;
    (iv)        GPE VIII GP S.à.r.l., a Luxembourg Société à responsabilité limitée;
    (v)         Advent International GPE VIII Limited Partnership, a Delaware limited partnership;
    (vi)        Advent International GPE VIII-B-1 Limited Partnership, a Delaware limited partnership;
    (vii)       Advent International GPE VIII-B-2 Limited Partnership, a Delaware limited partnership;
    (viii)      Advent International GPE VIII-B-3 Limited Partnership, a Delaware limited partnership;
    (ix)        Advent International GPE VIII-B Limited Partnership, a Delaware limited partnership;
    (x)          Advent International GPE VIII-C Limited Partnership, a Delaware limited partnership;
    (xi)        Advent International GPE VIII-D Limited Partnership, a Delaware limited partnership;
    (xii)       Advent International GPE VIII-F Limited Partnership, a Delaware limited partnership;
    (xiii)      Advent International GPE VIII-H Limited Partnership, a Delaware limited partnership;
    (xiv)      Advent International GPE VIII-I Limited Partnership, a Delaware limited partnership;
    (xv)        Advent International GPE VIII-J Limited Partnership, a Delaware limited partnership (the funds set forth in the foregoing clauses (v)-(xv), the “Advent VIII Luxembourg Funds”);
    (xvi)      GPE VIII GP Limited Partnership, a Cayman Islands limited partnership;
    (xvii)     Advent International GPE VIII-A Limited Partnership, a Cayman Islands limited partnership;
    (xviii)    Advent International GPE VIII-E Limited Partnership, a Cayman Islands limited partnership;
    (xix)      Advent International GPE VIII-G Limited Partnership, a Cayman Islands limited partnership;
    (xx)       Advent International GPE VIII-K Limited Partnership, a Cayman Islands limited partnership;
    (xxi)       Advent International GPE VIII-L Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xvii)-(xxi), the “Advent VIII Cayman Funds”);
    (xxii)     AP GPE VIII GP Limited Partnership, a Delaware limited partnership;
    (xxiii)    Advent Partners GPE VIII Limited Partnership, a Delaware limited partnership;
    (xxiv)    Advent Partners GPE VIII Cayman Limited Partnership, a Cayman Islands limited partnership;
    (xxv)     Advent Partners GPE VIII-A Limited Partnership, a Delaware limited partnership;
    (xxvi)    Advent Partners GPE VIII-A Cayman Limited Partnership, a Cayman Islands limited partnership;
    (xxvii)   Advent Partners GPE VIII-B Cayman Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xxiii)-(xxvii), the “Advent VIII Partners Funds” and together with the Advent VIII Luxembourg Funds and the Advent VIII Cayman Funds, the “Advent VIII Funds”).
     
    GPE VIII GP S.à.r.l. is the general partner of the Advent VIII Luxembourg Funds. GPE VIII GP Limited Partnership is the general partner of the Advent VIII Cayman Funds. AP GPE VIII GP Limited Partnership is the general partner of the Advent VIII Partners Funds. Advent International GPE VIII, LLC is the manager of GPE VIII GP S.à.r.l. and the general partner of each of GPE VIII GP Limited Partnership and AP GPE VIII GP Limited Partnership.
     
    Advent International GP, LLC is the general partner of Advent International, L.P., and Advent International, L.P. is the manager of Advent International GPE VIII, LLC. Each of Advent International, L.P. and Advent International GP, LLC may be deemed to have voting and dispositive power over the shares held by the Advent VIII Luxembourg Funds, the Advent VIII Cayman Funds and the Advent VIII Partners Funds.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 30 of 36 Pages
       
    The address of the principal business and the principal office of the Reporting Persons is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069.

    During 2023, Advent International Corporation effected a change in the form of entity and became Advent International, L.P. Accordingly, Advent International GP, LLC, which is the general partner of Advent International, L.P., has been added as a Reporting Person on this Schedule 13G.
         
     
    (d)
    Title of Class of Securities:
         
       
    Common Stock, $0.01 par value per share ( “Common Stock”)
         
     
    (e)
    CUSIP Number:
     
    33748L101

    Item 3.
    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

    Not applicable.

    Item 4.
    Ownership.

     
    (a) -- (c)
    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 31 of 36 Pages
       
    Number of Shares
    Beneficially
    Owned
       
    Sole Voting
    Power
       
    Shared
    Voting
    Power
       
    Sole
    Dispositive
    Power
       
    Shared
    Dispositive
    Power
       
    Percentage of
    Common Stock
    Outstanding
     
    Advent International, L.P.
       
    34,089,784
         
    34,089,784
               
    34,089,784
               
    57.0
    %
    Advent International GP, LLC
       
    34,089,784
         
    34,089,784
         
    —
         
    34,089,784
         
    —
         
    57.0
    %
    Advent International GPE VIII, LLC
       
    34,089,784
         
    34,089,784
         
    —
         
    34,089,784
         
    —
         
    57.0
    %
    GPE VIII GP S.à.r.l.
       
    23,372,568
         
    23,372,568
         
    —
         
    23,372,568
         
    —
         
    39.1
    %
    Advent International GPE VIII Limited Partnership
       
    2,043,069
         
    2,043,069
         
    —
         
    2,043,069
         
    —
         
    3.4
    %
    Advent International GPE VIII-B-1 Limited Partnership
       
    2,217,574
         
    2,217,574
         
    —
         
    2,217,574
         
    —
         
    3.7
    %
    Advent International GPE VIII-B-2 Limited Partnership
       
    1,653,457
         
    1,653,457
         
    —
         
    1,653,457
         
    —
         
    2.8
    %
    Advent International GPE VIII-B-3 Limited Partnership
       
    2,581,893
         
    2,581,893
         
    —
         
    2,581,893
         
    —
         
    4.3
    %
    Advent International GPE VIII-B Limited Partnership
       
    6,231,541
         
    6,231,541
         
    —
         
    6,231,541
         
    —
         
    10.4
    %
    Advent International GPE VIII-C Limited Partnership
       
    1,017,819
         
    1,017,819
         
    —
         
    1,017,819
         
    —
         
    1.7
    %
    Advent International GPE VIII-D Limited Partnership
       
    870,483
         
    870,483
         
    —
         
    870,483
         
    —
         
    1.5
    %
    Advent International GPE VIII-F Limited Partnership
       
    257,957
         
    257,957
         
    —
         
    257,957
         
    —
         
    0.4
    %
    Advent International GPE VIII-H Limited Partnership
       
    2,285,344
         
    2,285,344
         
    —
         
    2,285,344
         
    —
         
    3.8
    %
    Advent International GPE VIII-I Limited Partnership
       
    2,125,090
         
    2,125,090
         
    —
         
    2,125,090
         
    —
         
    3.6
    %
    Advent International GPE VIII-J Limited Partnership
       
    2,088,341
         
    2,088,341
         
    —
         
    2,088,341
         
    —
         
    3.5
    %
    GPE VIII GP Limited Partnership
       
    9,276,306
         
    9,276,306
         
    —
         
    9,276,306
         
    —
         
    15.5
    %
    Advent International GPE VIII-A Limited Partnership
       
    4,792,307
         
    4,792,307
         
    —
         
    4,792,307
         
    —
         
    8.0
    %
    Advent International GPE VIII-E Limited Partnership
       
    969,411
         
    969,411
         
    —
         
    969,411
         
    —
         
    1.6
    %
    Advent International GPE VIII-G Limited Partnership
       
    1,644,184
         
    1,644,184
         
    —
         
    1,644,184
         
    —
         
    2.7
    %
    Advent International GPE VIII-K Limited Partnership
       
    979,876
         
    979,876
         
    —
         
    979,876
         
    —
         
    1.6
    %
    Advent International GPE VIII-L Limited Partnership
       
    890,528
         
    890,528
         
    —
         
    890,528
         
    —
         
    1.5
    %
    AP GPE VIII GP Limited Partnership
       
    1,440,910
         
    1,440,910
         
    —
         
    1,440,910
         
    —
         
    2.4
    %
    Advent Partners GPE VIII Limited Partnership
       
    75,408
         
    75,408
         
    —
         
    75,408
         
    —
         
    0.1
    %
    Advent Partners GPE VIII Cayman Limited Partnership
       
    469,961
         
    469,961
         
    —
         
    469,961
         
    —
         
    0.8
    %
    Advent Partners GPE VIII-A Limited Partnership
       
    90,612
         
    90,612
         
    —
         
    90,612
         
    —
         
    0.2
    %
    Advent Partners GPE VIII-A Cayman Limited Partnership
       
    62,691
         
    62,691
         
    —
         
    62,691
         
    —
         
    0.1
    %
    Advent Partners GPE VIII-B Cayman Limited Partnership
       
    742,238
         
    742,238
         
    —
         
    742,238
         
    —
         
    1.2
    %


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 32 of 36 Pages
    Item 5.
    Ownership of Five Percent or Less of a Class.

    If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ☐

    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.

    Not applicable.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

    Not applicable.

    Item 8.
    Identification and Classification of Members of the Group.

    The Reporting Persons expressly disclaim membership in a "group" as used in Rule 13d-5(b)(1).

    Item 9.
    Notice of Dissolution of Group.

    Not applicable.

    Item 10.
    Certification.

    Not applicable.


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 33 of 36 Pages
    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Date: February 14, 2024
    ADVENT INTERNATIONAL, L.P.
     
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name:
    Neil Crawford
     
     
    Title:
    Vice President of Finance
     

    Date: February 14, 2024
       
     
    ADVENT INTERNATIONAL GP, LLC
     
     
     
    /s/ Neil Crawford
     
     
    Name:   Neil Crawford
     
     
    Title:     Vice President of Finance
     
         
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII LIMITED
     
     
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-B-1 LIMITED
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-B-2 LIMITED
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-B-3 LIMITED
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-B LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-C LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-D LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-F LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-H LIMITED
     
     
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-I LIMITED
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-J LIMITED
    PARTNERSHIP
     
     
     
     
    By: GPE VIII GP S.A.R.L., GENERAL PARTNER
     
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
     
     
    MANAGER
     


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 34 of 36 Pages
     
    /s/ Justin Nuccio
     
     
    Name: Justin Nuccio
     
     
    Title: Manager
     
         
     
    By: ADVENT INTERNATIONAL, L.P.,
     
     
    MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     
         
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII-A LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-E LIMITED
     
     
    PARTNERSHIP
     
     
    ADVENT INTERNATIONAL GPE VIII-G LIMITED
     
     
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-K LIMITED
    PARTNERSHIP
    ADVENT INTERNATIONAL GPE VIII-L LIMITED
    PARTNERSHIP
     
         
     
    By: GPE VIII GP LIMITED PARTNERSHIP,
    GENERAL PARTNER
     
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
     
     
    GENERAL PARTNER
     
     
    By: ADVENT INTERNATIONAL, L.P.,
     
     
    MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 35 of 36 Pages
    Date: February 14, 2024
    ADVENT PARTNERS GPE VIII LIMITED
    PARTNERSHIP
    ADVENT PARTNERS GPE VIII CAYMAN LIMITED
    PARTNERSHIP
    ADVENT PARTNERS GPE VIII-A LIMITED
    PARTNERSHIP
    ADVENT PARTNERS GPE VIII-A CAYMAN
    LIMITED PARTNERSHIP
    ADVENT PARTNERS GPE VIII-B CAYMAN
    LIMITED PARTNERSHIP
     
    By: ADVENT GPE VIII GP LIMITED
    PARTNERSHIP, GENERAL PARTNER
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
    GENERAL PARTNER
    By: ADVENT INTERNATIONAL, L.P., MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     
         
    Date: February 14, 2024
    GPE VIII GP S.A.R.L.
     
         
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
     
     
    MANAGER
     
         
     
    /s/ Justin Nuccio
     
     
    Name: Justin Nuccio
     
     
    Title: Manager
     
         
     
    By: ADVENT INTERNATIONAL, L.P.,
     
     
    MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     
         
    Date: February 14, 2024
    GPE VIII GP LIMITED PARTNERSHIP
     
         
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
     
     
    GENERAL PARTNER
     
     
    By: ADVENT INTERNATIONAL, L.P.,
     


    CUSIP No. 33748L101
    SCHEDULE 13G
    Page 36 of 36 Pages
     
    MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     
         
     
    AP GPE VIII GP LIMITED PARTNERSHIP
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
    GENERAL PARTNER
    By: ADVENT INTERNATIONAL, L.P., MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
    Title: Vice President of Finance
     
         
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII, LLC
     
         
     
    By: ADVENT INTERNATIONAL, L.P.,
     
     
    MANAGER
    By: ADVENT INTERNATIONAL GP, LLC,
    GENERAL PARTNER
     
         
     
    /s/ Neil Crawford
     
     
    Name: Neil Crawford
     
     
    Title: Vice President of Finance
     

     
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    • First Watch Announces Appointment of Irene Chang Britt to Board of Directors

      BRADENTON, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the appointment of Irene Chang Britt to its Board of Directors, effective immediately. Ms. Chang Britt is an experienced independent board director and former Fortune 500 C-suite executive, who currently serves on the boards of established businesses and start-up companies representing a variety of industries, including retail, CPG, e-commerce and lifestyle. "We are thrilled to welcome Irene to the Board of Directors of First Watch, and I'm confident that our company wil

      7/19/23 4:15:00 PM ET
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    Insider Purchases

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    • Director Jemley Charles bought $247,500 worth of shares (15,000 units at $16.50), increasing direct ownership by 184% to 23,134 units (SEC Form 4)

      4 - First Watch Restaurant Group, Inc. (0001789940) (Issuer)

      5/14/25 4:12:57 PM ET
      $FWRG
      Restaurants
      Consumer Discretionary

    $FWRG
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    • First Watch Restaurant Group, Inc. Reports Q1 2025 Financial Results

      Total revenues increased 16.4%Net loss of $(0.8) million and Adjusted EBITDA of $22.8 million13 new system-wide restaurants opened in 10 states BRADENTON, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the thirteen weeks ended March 30, 2025 ("Q1 2025"). "First quarter same restaurant traffic results are encouraging and continued the trends we experienced exiting 2024, demonstrating both the strength and the resilience of the First Watch brand," said Chris Tomasso, CEO and President of First Watch. "Additio

      5/6/25 7:00:00 AM ET
      $FWRG
      Restaurants
      Consumer Discretionary
    • First Watch Acquires 16 Franchise Restaurants in North and South Carolina

      BRADENTON, Fla., April 28, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) (together with its subsidiaries "First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today completed its previously announced acquisition of 16 of its franchise-owned restaurants and corresponding development rights in North Carolina and South Carolina for an aggregate purchase price of $49 million on a cash-free, debt-free basis. "The acquisition of these 16 locations helps solidify corporate ownership of First Watch restaurants along the East Coast – and provides us with additional territories to grow organically for years to come," sai

      4/28/25 4:05:25 PM ET
      $FWRG
      Restaurants
      Consumer Discretionary
    • First Watch Announces Flagship Location in Heart of Downtown Boston

      BOSTON, April 23, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading daytime restaurant serving breakfast, brunch and lunch, announced it will open its first downtown Boston location in late 2025, marking First Watch's continued expansion in New England. The popular breakfast spot celebrated its entry into Massachusetts earlier this year with the opening of its first greater Boston-area location in Hanover in January. The new restaurant will be located at 777 Boylston St. in the iconic Back Bay neighborhood, bringing First Watch's fresh, chef-driven menu to the heart of the city. "This high-profile location in the heart

      4/23/25 4:05:55 PM ET
      $FWRG
      Restaurants
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    • First Watch Restaurant Group, Inc. Reports Q1 2025 Financial Results

      Total revenues increased 16.4%Net loss of $(0.8) million and Adjusted EBITDA of $22.8 million13 new system-wide restaurants opened in 10 states BRADENTON, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the thirteen weeks ended March 30, 2025 ("Q1 2025"). "First quarter same restaurant traffic results are encouraging and continued the trends we experienced exiting 2024, demonstrating both the strength and the resilience of the First Watch brand," said Chris Tomasso, CEO and President of First Watch. "Additio

      5/6/25 7:00:00 AM ET
      $FWRG
      Restaurants
      Consumer Discretionary
    • First Watch Acquires 16 Franchise Restaurants in North and South Carolina

      BRADENTON, Fla., April 28, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) (together with its subsidiaries "First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today completed its previously announced acquisition of 16 of its franchise-owned restaurants and corresponding development rights in North Carolina and South Carolina for an aggregate purchase price of $49 million on a cash-free, debt-free basis. "The acquisition of these 16 locations helps solidify corporate ownership of First Watch restaurants along the East Coast – and provides us with additional territories to grow organically for years to come," sai

      4/28/25 4:05:25 PM ET
      $FWRG
      Restaurants
      Consumer Discretionary
    • First Watch Restaurant Group, Inc. to Report First Quarter 2025 Financial Results on May 6, 2025

      BRADENTON, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it plans to release its first quarter 2025 financial results on Tuesday, May 6, 2025, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer. Interested parties may listen to the conference call via any one of three options: Dial 201-389-0914, which will be answered by an operatorPre-register by entering your information at this C

      4/22/25 8:00:00 AM ET
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      Restaurants
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    • First Watch Restaurant Group upgraded by TD Cowen with a new price target

      TD Cowen upgraded First Watch Restaurant Group from Hold to Buy and set a new price target of $22.00

      4/1/25 9:00:07 AM ET
      $FWRG
      Restaurants
      Consumer Discretionary
    • Stephens initiated coverage on First Watch Restaurant Group with a new price target

      Stephens initiated coverage of First Watch Restaurant Group with a rating of Overweight and set a new price target of $20.00

      10/17/24 7:39:12 AM ET
      $FWRG
      Restaurants
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    • The Benchmark Company initiated coverage on First Watch Restaurant Group with a new price target

      The Benchmark Company initiated coverage of First Watch Restaurant Group with a rating of Buy and set a new price target of $23.00

      8/27/24 7:30:03 AM ET
      $FWRG
      Restaurants
      Consumer Discretionary