Advent Backs Bojangles

Buyout shop Advent International will invest an undisclosed amount in chicken-and-biscuits chain Bojangles’, the firm said Monday. The money will support growth. Bojangles was formed in 1977 and is based in Charlotte, N.C. The company operates about 500 restaurants, and plans to open 40 new locations this year. Terms of the Advent investment were not releaed. As part of the transaction, Falfurrias Capital Partners has agreed to sell its entire investment in Bojangles' to Advent.

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