Brentwood Associates sells K-MAC Holdings

Brentwood Associates said Dec. 20 that it has sold K-MAC Holdings Corp. Brentwood did not disclose financial terms of the deal nor the identity of the new owner. Brentwood, in partnership with Arlon Food and Agriculture Investment Program, invested in K-MAC in 2011. K-MAC, of Fort Smith, Arkansas, is a Taco Bell franchisee that also operates KFC and Golden Corral restaurants. North Point Advisors LLC and Houlihan Lokey Capital Inc acted as financial advisors, while Burr & Forman LLP acted as legal counsel to K-MAC.

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