|
|
Article: Arcapita to sell Church's Chicken to Friedman Fleischer & Lowe.
- Article from:
- Investment Weekly News
- Article date:
- July 4, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Arcapita Bank B.S.C.(c), a leading international investment firm headquartered in Bahrain, has announced the signing of a definitive agreement for the sale of Church's Chicken to an affiliate of Friedman Fleischer & Lowe, a leading San Francisco-based private equity firm with approximately $2.5 billion under management. The transaction was led out of Arcapita's U.S. office in Atlanta and is expected to close within 30 days, subject to normal closing conditions. Terms of the transaction were not disclosed.
Arcapita's affiliates acquired Church's Chicken in December 2004 from AFC Enterprises, Inc., and financed the purchase through a mix of senior financing, common ...