Goldman Sachs Backs Applebees Franchisee

Private equity investors Goldman Sachs Capital Partners and Weston Presidio have invested an undisclosed amount in Apple American Group, an Applebee’s franchisee. Apple American’s management team also participated in the round, and retains a “significant ownership” in the company, according to a written release. Weston Precidio first invested in the company in 2005, and sold a portion of its stake to Goldman. Apple American is based in Independence, Ohio.

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