Law360, New York (January 25, 2012, 6:02 PM ET) -- Axum Capital Partners LLC, a new Charlotte, N.C.-based private equity firm, has acquired a controlling interest in Wild Wing Cafe, a barbecue chain with 32 restaurants across the Southeast and $100 million in sales last year, Axum said Wednesday.
The deal is the first for Axum, which had a first close on an expected $150 million-cap fund in September and includes 11 corporate-owned restaurants and 21 franchised restaurants across seven states.
Fifth Third Bank provided debt financing for the transaction. Financial details were not disclosed, but...
McGuireWoods Aids PE Firm Axum In BBQ Chain Buy
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