Mark Hauser is one of the busiest private equity fund investors, and the news would surely back up that fact. Mark Hauser of Hauser Private Equity watched as two major financial pieces made headlines: Cava’s initial public offering and the historic settlement between Dominion Voting Machines and Fox News Corporation.
CAVA Announces IPO; Plans For Broader Expansion
June 15, 2023, marked the date when Cava introduced its intention to go public with its IPO. The company would file the required paperwork at the U.S. Securities and Exchange Commission in order to signal that they were going to offer shares of their stock to the public.
Cava is one of many restaurants to survive the COVID-19 pandemic as well as its debilitating effects, only to look for the opportunity to grow and expand in the aftermath.
Having received funding through the Hauser Private Equity-attache Revolution, Cava plans to continue expanding into newer and larger markets. Since its inception, Cava has grown into more than 100 locations around the nation after starting as a humble local fast-casual chain.
Mark Hauser points to a number of different things that Cava does well as justification for his team’s initial investment. Among the many benefits of Cava, Hauser pointed to the team’s focus on tech and innovation, as well as always offering the best quality products and ingredients.
Due to the IPO, Mark Hauser believes that Cava will have the capital necessary to invest in its operational mechanics while expanding its overall footprint and enhancing its digital options. The funds are also going to be utilized to continue innovating in menu offerings and customer service.
Mark Hauser and Dominion Voting Machines
The 2020 Presidential Elections were contentious, to say the least, with wild claims of voter fraud plaguing the headlines. Fox News Corporation would end up amplifying defamatory statements about Dominion Voting Machines, leading the company to sue Fox for more than $1.6 billion in damages.
Having worked with Staple Street to acquire a 76% stake in Dominion Voting Machines in 2018, Hauser was particularly attuned to the outcome of the settlement case. While Staple Street and Dominion have both opted out of responding to the settlement, Fox News Corporation would take to the air to release a statement on their defamation.
Hauser Private Equity would see a return on its investment after the mind-boggling settlement was reached, with Mark Haueser adding, “We’ve had a relationship with Staple Street since 2015 and think highly of their management team.”
Mark Hauser also went on to point out that he was overall very pleased with how Staple Street had handled the situation, emphasizing how well they did by their investors along the way.
Hauser said, “We are very pleased with the outcome and think Staple Street has handled the situation well.”
