Headlines

CKE Restaurants Acquired by Roark Capital

Investment group also owns Arby’s, Cinnabon

Published

11 years ago

December 30, 2013

steve kaufman

An affiliate of Roark Capital Group (Atlanta) has acquired a majority stake in CKE Restaurants Inc. (Carpenteria, Calif.), owner of Carl's Jr., Hardee's and various other quick-serve restaurant chains.

Terms of the transaction were not disclosed.

CKE’s properties include 3413 restaurants in 42 states and 30 foreign countries and U.S. territories, and generate about $4 billion in annual system revenues, according to a posting on QSRweb.com.

Among the food banners already in Roark Capital’s portfolion are Arby’s, Cinnabon, Corner Bakery Café and Moe’s Southwestern Grill, as well as the Atkins Nutritionals brand.

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