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New Deal


Announced

FS Investments and High Bluff to acquire Church's Chicken from FFL Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Restaurants and Bars

Private Equity

Single Bidder

United States

restaurants operator

Pending

Majority

Acquisition

Domestic

Private

Synopsis

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Two investment firms FS Investments and High Bluff agreed to acquire Church's Chicken, an owner and operator of fried chicken restaurants, from FFL Partners, an American private equity firm. Financial terms were not disclosed. “At a time when the entire restaurant industry has faced unprecedented challenges, Church’s has stood out as a notable bright spot, having emerged from the pandemic with considerable tailwinds that strongly position the brand for tremendous growth geographically as well as in the overall chicken category,” Anand Gowda, High Bluff Capital Partners Founder.

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