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02-26-2010, 02:32 PM #1
Carl’s Jr. parent, CKE, bought for $619million CASH
Carl’s Jr. parent, CKE Restaurants, bought for $619 million
February 26th, 2010, 7:30 am
by Nancy Luna, Staff Writer
updated 9 a.m., 10 a.m. & 10:25 a.m.
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Big, shocking news today from CKE Restaurants, parent company of Carl’s Jr. and Hardee’s. The Carpinteria-based fast-food company, which got its start in Orange County, has been bought by a Boston private equity firm for $619 million in cash.
Carl’s Jr. officials referred all questions Friday to the buyer, Thomas H. Lee Partners. Representatives for the THL, among a trio of investment firms that bought Dunkin Brands Inc. in 2006, could not be reached for comment early Friday.
THL’s portfolio includes investments in food facilities giant Aramark and Clear Channel Communications.
CKE is based in Carpinteria, but maintains offices in Anaheim.
Stay tuned for updates throughout the day.
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