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
 

 

EXHIBIT 99.1

JOINT FILING AGREEMENT
 
Each of the undersigned, pursuant to Rule 13d-1(k)(1) under the Act, hereby agrees and acknowledges that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the Common Stock and the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of them.  The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

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
 
     
 
/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
 


     
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.,
 
 
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