ATLANTA Arcapita Inc. said Wednesday that it signed a deal to sell Church's Chicken to another private-equity firm, ending speculation that the 1,650-unit fast-food chain was on the block. Terms of the deal between Arcapita and the buyer, San Francisco-based Friedman Fleischer & Lowe, were not disclosed. However, reports last week indicated the price would be in the $300 million range. Arcapita paid $390 million in 2004 when it acquired Church's franchisor, Cajun ...
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Contact: Desiree Torres Desiree.Torres@penton.com