Sentinel Acquires Newk's To Expand Restaurant Portfolio

Law360, New York (March 25, 2014, 6:47 PM EDT) -- Just two weeks after closing a deal for Checkers Drive-In Restaurants Inc., private equity firm Sentinel Capital Partners announced Tuesday that it is also snapping up the parent and operator of the growing Newk's Eatery franchise.

With the acquisition of Newk's Holding Co. LLC, Sentinel bolsters its dining brand portfolio with a 67-restaurant chain that has been on an expansion streak. Financial details of the deal were not disclosed.

“We are very pleased to be partnering with Newk's strong leadership team who are pioneers in the...
To view the full article, register now.