Burger Chain Johnny Rockets Sold To Sun Capital Unit

Law360, Los Angeles (June 19, 2013, 6:36 PM EDT) -- A Sun Capital Partners Inc. affiliate has purchased 1950s-themed burger chain Johnny Rockets Group Inc. for an undisclosed amount, the private equity firm said Wednesday.

Florida-based Sun Capital said it reached a deal this month to buy the 300-location chain from Virginia-based Red Zone Capital Management LLC, the private equity firm co-founded by billionaire Washington Redskins owner Daniel Snyder.

Terms of the deal were not disclosed.

Johnny Rockets spokeswoman Cozette Koerber said investment bank North Point Advisors first met with Red Zone and Johnny Rockets in...
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