Millstone PE Unit Swallows St. Louis Roast Beef Chain

Law360, New York (September 4, 2013, 1:51 PM EDT) -- Middle-market private equity firm Millstone Capital Advisors will swallow up the network of Lion's Choice roast beef restaurants in a deal alongside one of the chain's former executives, they said Tuesday, giving them ownership of one of the St. Louis area's most popular franchises.

Financial terms of the deal were not disclosed. The parties also did not outline how they plan to split ownership of the assets between Millstone and Mark Disper, the former Lion's Choice executive who also runs Black Rock Holdings LLC, saying only...
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