News

Private equity company puts Captain D's up for sale

June 20, 2013

Sun Capital Partners, a private equity company focused on turnarounds, is putting Captain D's up for sale nearly three years after the acquisition.

According to Dow Jones, investment bank North Point Advisors is handling the sale.

Since the acquisition, Captain D's has scaled back its footprint, from 539 to 520, and has made changes to its menu and restaurant design. The Nashville, Tenn.-based chain turned in record sales in 2012 and has reached 23 consecutive months of same-store sales growth.

Dow Jones reports that the sale "may be testament to the recovering health of Sun Capital Partners V LP, whose portfolio the restaurant chain belongs to ... The divestment of Captain D's , if successful, may help bolster support for its current fundraising efforts."

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