ATLANTA Rare Hospitality International Inc. has agreed to sell its 31-unit Bugaboo Creek Steakhouse chain to a holding of Trimaran Capital Partners, the private-equity owner of the Charlie Brown’s steakhouse group, for $28 million.The deal is expected to close in the third quarter of 2007, Rare said.Rare, whose other restaurant holdings include the 275-unit Longhorn Steakhouse chain and the 26-restaurant Capital Grille group, said in September that it was looking to divest Bugaboo, the ...
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Contact: Desiree Torres Desiree.Torres@penton.com