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acquisitions

Financing

Cici’s, hammered by the pandemic and third-party delivery, declares bankruptcy

 By Jonathan Maze on Jan. 26, 2021

The pizza chain filed for Chapter 11 and has a deal to be sold to one of its lenders.

Financing

Investment firm buys a stake in Beans & Brews Coffeehouse

 By Jonathan Maze on Jan. 22, 2021

Charger Investment Partners has completed a growth investment in the Utah-based chain.

Financing

City Capital Ventures takes a majority stake in a New Jersey Burger King franchisee

By Jonathan Maze on Jan. 22, 2021

Rackson Restaurants, which also operates Popeyes, operates more than 55 locations and has plans to grow larger.

Financing

Bankruptcy court approves the $801M sale of NPC International

By Jonathan Maze on Jan. 21, 2021

The giant Pizza Hut and Wendy’s franchisee is being sold to Flynn Restaurant Group and five other franchisees.

Financing

Group including Red Mango's parent closes on Friendly's acquisition

By Peter Romeo on Jan. 19, 2021

Amici Partners Group said it intends to keep all 130 surviving locations open.

Financing

Tilman Fertitta may merge his company with a SPAC

By Jonathan Maze on Jan. 15, 2021

The Landry’s owner is reportedly in talks with the blank-check company Fast Acquisition Corp., says RB’s The Bottom Line.

Financing

Checkers gets a $20M cash injection

By Jonathan Maze on Jan. 11, 2021

The drive-thru chain, which was struggling before the pandemic, has seen sales surge and received new funding from Oak Hill Capital to further growth.

Financing

Big Burger King franchisee Carrols gets back into the deal game

By Jonathan Maze on Jan. 11, 2021

The $1.5 billion operator is looking at deals again after taking 2020 off, but it is slowing its growth to preserve cash in the coming years.

Financing

A flurry of restaurant deals portends to a big 2021

By Jonathan Maze on Jan. 10, 2021

Led by the Inspire-Dunkin’ Brands deal, 2020 turned out to be a bigger year for acquisition activity than expected. Expect more of the same this year.

Workforce

Tech investor Diversis buys a controlling stake in Black Box Intelligence

By Peter Romeo on Jan. 08, 2021

Wallace Blair and Joni Thomas Doolin will remain minority investors and strategic advisors.

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