McGuireWoods Aids PE Firm Axum In BBQ Chain Buy

Law360, New York (January 25, 2012, 6:02 PM EST) -- 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...
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