TITLE

Buyers Net Captain D's

PUB. DATE
February 2005
SOURCE
Restaurant Business;2/1/2005, Vol. 104 Issue 2, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that two investment groups have purchased the Captain D's seafood chain. The buyers, Grotech Capital Group Inc. and Charlesbank Capital Partners LLC, did not disclose the price, but noted they were arranging for $100 million in senior debt financing. The Captain D's system includes 577 fast-food restaurants, 317 of which are company-owned. Captain D's generated 8515 million in revenue in the year ended September 26. Ron Walker, a 20-year veteran of the concept, will remain as president/COO, according to Grotech officials.
ACCESSION #
15949400

 

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