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FE&S ó FlashNews ó 2005-01-03 ó News

January 3, 2005

Captain D's Sold

Quick-service seafood chain Captain Dís has been sold to a partnership consisting of Charlesbank Capital Partners, Grotech Capital Group and the chainís management team.

Captain Dís operates 577 restaurants located primarily in the southeast United States. The chain posted system-wide revenue of $515 million for the 12-month period that ended on Sept. 26, 2004. Ron Walker, a 20-year veteran of Captain D's, will continue as president and COO of the chain.

According to a report in The WashingtonPost, the sale price for Captain Dís was $150 million. The report quoted Frank Adams, Grotechís managing general partner, saying that the acquisition will provide a platform to acquire other restaurant chains and build a multi-billion-dollar restaurant business.

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