Argonne sells stakes in 6 portfolio companies through $530 mln continuation fund
Argonne Capital Group said May 21 that a continuation fund closed on $530 million. LPs of the fund include GCM Grosvenor, Hamilton Lane and Strategic Partners. Argonne Capital Partners I LP has invested the $530 million in six Argonne portfolio companies: Sunshine Restaurant Partners, the sole master licensee for IHOP in the U.S.; ACG Texas and Peak Restaurant Partners, two IHOP franchisees; On The Border; Krystal; and, National Fitness Partners. The fund acquired all of the equity of the IHOP assets from Argonne and bought partial investments in On The Border, Krystal and National Fitness Partners.
22 May 2018•3 mins read
