LITTLETON Colo. Champps Entertainment Inc. has signed a letter of intent to sell its 62-unit namesake restaurant chain to a management-led group for $75 million and the assumption of debt, which stood at $14.8 million as of an October securities filing. The buyers would include Champps chairman and chief executive Michael O’Donnell, chief financial officer David Womack, and a yet-to-be-formed affiliate of the New York-based private-equity firm Kinderhook Industries LLC.Champps ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com