Goldman alums launch FEP

Goldman Sachs alumni Michael Esposito and Scott Romanoff are targeting a $1 billion portfolio with the launch of Franchise Equity Partners (FEP).

The New York-based private equity firm is focused on making permanent, flexible and passive minority equity investments in established franchisees. These franchisees run the spectrum from hotel, food and beverage, automotive, heavy machinery, and health/beauty/fitness clubs.

FEP has won the backing of $75 billion HPS Investment Partners. HPS’ backing is allowing FEP to structure and execute the investments that are tailored to the diverse needs of U.S. franchise owner . . .

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