Pearl Street Equity, a private equity firm, completed the acquisition of a franchising business from Famous Brands International, a company that markets and distributes its products such as cookies, frozen yogurt, brownies, chocolates, nuts. Financial terms were not disclosed. “We are thrilled about this new chapter for Famous Brands Franchising as a stand-alone company and are confident Pearl Street is the ideal strategic partner for the future. This transaction will take our franchisee support to the next level while enabling investment to grow both brands globally and bring our delicious products to more customers and families,” Joe Lewis, Famous Brands Franchising President and COO.