North American private equity investor deploying capital from an active fund, seeking a defensible platform. Preference for casual dining & qsr chains in consumer, e-commerce & multi-site where governance is strong and reporting stands up to diligence. Investor is currently in fund with committed capital for near term execution. Previous acquisitions include buy and build programmes in established sectors, supported by operating partners. Full acquisition preferred, with flexibility for majority structures where alignment on governance and valuation is clear. Integration would be staged, strengthening governance without disrupting delivery. North.