Goldman Sachs affiliate expected to acquire Apple American Group
Apple American Group LLC, Applebee’s largest franchisee with 269 restaurants, is close to being sold by investor group Weston Presidio to GS Capital Partners, sources close to the deal said Monday. The sources, who asked not to be named, told Nation’s Restaurant News that North Point Advisors is handling the sale process, which began last fall, and that bids have been competitive, including 10 serious contenders for the franchise group. Greg Flynn, chairman and chief executive of ...
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Contact: Desiree Torres Desiree.Torres@penton.com