New On The Block
Bankers say these biscuits are worth billions. The $1.5 billion asking price forBojangles, the fried chicken and biscuit fast-food chain, is about triple what private equity firmsDurational Capital ManagementandTJCpaid in 2019—just four years after the chain went public.
According to the Wall Street Journal, both strategic restaurant operators and private equity buyers are interested.
The North Carolina–based fast-casual brand has been expanding thanks to U.S. chicken chain sales spiking 9% last year.
The potential sale comes amid a broader M&A wave in the restaurant industry. Recent deals include...
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