CapitalSpring Group Takes 4.5% Passive Stake in El Pollo Loco

TL;DR

**CapitalSpring just bought 4.5% of El Pollo Loco, signaling a new institutional investor is in the mix.**

AI Summary

CapitalSpring Finance Company, LLC, along with its affiliates CSFC Financing I, LLC, CSFC Management Company, LLC, and CSIP VI Corporate Acquisitions, LP, collectively reported a new passive ownership stake in El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) as of December 31, 2023. This group now beneficially owns 1,600,000 shares of El Pollo Loco's common stock, representing 4.5% of the company's outstanding shares. This matters to investors because it signals a significant institutional investor sees value in El Pollo Loco, potentially indicating future confidence or strategic interest in the fast-casual restaurant chain.

Why It Matters

A new institutional investor taking a significant stake can be a vote of confidence, potentially attracting more investor attention to El Pollo Loco.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, which generally carries lower risk than activist stakes or significant divestitures.

Analyst Insight

Smart investors should research CapitalSpring's investment thesis and consider if El Pollo Loco's fundamentals align with this new institutional confidence.

Key Numbers

• 1,600,000 — shares beneficially owned (total shares held by the reporting group)
• 4.5% — percentage of class outstanding (ownership stake in El Pollo Loco Holdings, Inc.)
• $0.01 — par value per share (common stock par value for El Pollo Loco)
• December 31, 2023 — date of event (date requiring the filing of this statement)

Key Players & Entities

• CapitalSpring Finance Company, LLC (company) — reporting person and group member
• El Pollo Loco Holdings, Inc. (company) — subject company
• CSFC Financing I, LLC (company) — group member
• CSFC Management Company, LLC (company) — group member
• CSIP VI Corporate Acquisitions, LP (company) — group member and reporting person
• Richard Fitzgerald (person) — group member

Forward-Looking Statements

• El Pollo Loco Holdings, Inc. may see increased analyst coverage due to new institutional interest. (El Pollo Loco Holdings, Inc.) — medium confidence, target: Q2 2024

FAQ

From the Filing

0001193125-24-030137.txt : 20240209 0001193125-24-030137.hdr.sgml : 20240209 20240209163655 ACCESSION NUMBER: 0001193125-24-030137 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 GROUP MEMBERS: CSFC FINANCING I, LLC GROUP MEMBERS: CSFC MANAGEMENT COMPANY, LLC GROUP MEMBERS: CSIP VI CORPORATE ACQUISITIONS, LP GROUP MEMBERS: RICHARD FITZGERALD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: El Pollo Loco Holdings, Inc. CENTRAL INDEX KEY: 0001606366 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 203563182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88632 FILM NUMBER: 24615626 BUSINESS ADDRESS: STREET 1: 3535 HARBOR BOULEVARD STREET 2: SUITE 100 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7145995000 MAIL ADDRESS: STREET 1: 3535 HARBOR BOULEVARD STREET 2: SUITE 100 CITY: COSTA MESA STATE: CA ZIP: 92626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CapitalSpring Finance Company, LLC CENTRAL INDEX KEY: 0001509012 ORGANIZATION NAME: IRS NUMBER: 273801190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 950 THIRD AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-948-0140 MAIL ADDRESS: STREET 1: 950 THIRD AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 d724303dsc13g.htm SC 13G SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _) * El Pollo Loco Holdings, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 268603107 (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. 268603107  1   NAMES OF REPORTING PERSONS  CSIP VI Corporate Acquisitions, LP  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  (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  0 6  SHARED VOTING POWER  1,541,862 7  SOLE DISPOSITIVE POWER  0 8  SHARED DISPOSITIVE POWER  1,541,862  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  1,541,862 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ☐ 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  4.90% 12  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  PN CUSIP No. 268603107  1   NAMES OF REPORTING PERSONS  CSFC Financing I, LLC  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  (a) ☐  (b) ☒  3  SEC USE ONLY  4  CITIZENSHIP OR PLACE OF ORGANIZATION  Delaware NUMBER OF SHARE