Investment companies Nord Bay Capital and TriArtisan Capital Advisors acquired Hooters of America, a restaurant chain company, from HIG Capital and Chanticleer. Financial terms of the deal were not disclosed. As part of the transaction, the selling entities will each retain a stake in the company. William Pepper, Principal, Nord Bay Capital, stated: "Hooters is an iconic global brand that has shown strong financial growth and development. With nine consecutive quarters of same store sales growth and thirteen consecutive quarters outperforming the casual dining bar & grill category, we see Hooters as a real jewel in the restaurant category. We’re excited to work with Terry, his senior leadership team, along with the Hooters global franchise community and employees to drive continued success in the years to come.”