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Allied Capital invests in Bojangles' buyout
September 27, 2007
WASHINGTON, D.C. — Allied Capital Corp. has invested $25 million to support the buyout of Bojangles' Holdings Inc. by private equity group Falfurrias Capital Partners.
Allied Capital's investment took the form of subordinated debt and an equity co-investment alongside the company's management team, existing shareholders and new investors, according to a news release.
Founded in 1977 and headquartered in Charlotte, N.C., Bojangles' Holdings is the nation's sixth-largest chain of chicken quick-service restaurants with 145 owned and 241 franchised units.
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