The Norwalk owner of the Barcelona Wine Bar and Bartaco restaurants has gotten a $74 million credit line and a new equity partner to expand its brand.
Barteca Holdings announced Monday aside from the refinanced credit line involving Citizens Bank, it picked up Wall Street global equity investor General Atlantic as a partner. Rosser Capital Partners was an existing investor
General Atlantic’s stake was not disclosed.
Barteca co-founder and CEO Andy Pforzheimer, in an email, said no changes are planned for its West Hartford Barcelona and Bartaco locations on Farmington Avenue.
However, Pforzheimer said some of the credit line may be “used to create a brand-new Barcelona down the street from our original location in Norwalk …’’
“Lease is up after 20 years, and we are going to build a completely new ‘prototype’ Barcelona here, near our home offices,’’ he wrote.
Six Barcelonas and three Bartacos in Connecticut, comparise the 26 Barcelonas and Bartacos spread across the East Coast, from Boston to Tampa, Pforzheimer said.