The recently announced acquisition of California Pizza Kitchen by Golden Gate Capital and the investment spree from Roark Capital Group, which includes acquisitions of Il Fornaio and Corner Bakery Cafe and a majority-stake purchase of Arby’s, are clear indications that private-equity groups are again interested in the restaurant industry. In addition, a report from a sell-side analyst speculating that Darden may be looking at acquisition candidates suggests interest from strategic ...

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