Private-Equity Firm Acquires CKE Restaurants
January 03, 2014
Atlanta-based private-equity firm Roark Capital Group has acquired a majority stake in CKE Restaurants Inc. CKE—owner of Carl’s Jr., Hardee’s and various other quick-service restaurant chains—operates 3,413 restaurants in 42 states and 30 counties and U.S. territories. Terms of the transaction were not disclosed. Roark Capital’s portfolio includes restaurant brands such as Arby’s, Cinnabon, Corner Bakery Café and Moe’s Southwestern Grill, as well as the Atkins Nutritionals brand.