Wendy’s/Arby’s Group Inc. said Monday it has agreed to sell a majority stake of Arby’s Restaurant Group Inc. to Roark Capital Group in a deal valued at $430 million. Atlanta-based Wendy’s/Arby’s Group will retain an 18.5-percent ownership interest in Arby’s, the operator and franchisor of more than 3,600 restaurants worldwide. The ownership stake is valued at $30 million. According to Wendy’s/Arby’s Group, the company will receive $130 ...
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Contact: Desiree Torres Desiree.Torres@penton.com