Ian Ritter is national online editor
for GlobeSt.com/RETAIL.
ATLANTA-Private equity firm Crescent Capital Investments isbuying the Church's Chicken chain from AFC Enterprises for $390million. Church's operates 283 units and franchises another 953 in29 states, as well as an additional 300 restaurants in 15countries.
The deal consists of $383 million in cash and a $7 - millionsubordinated note. The parties expect to close the acquisition bythe end of the year. SunTrust Bank and Drawbridge SpecialOpportunities Fund LP are funding the deal.
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