Nord Bay, TriArtisan Capital to buy Hooters of America

Nord Bay Capital and TriArtisan Capital Advisors LLC have agreed to buy Hooters of America LLC from H.I.G. Capital, Chanticleer Holdings and other investors. Financial terms weren’t announced. The sellers are retaining stakes in the company. Hooters of America franchises and operates more than 430 Hooters restaurants in 38 states and 27 countries. Piper Jaffray Cos served as financial adviser to Hooters.

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