Fox & Hound parent closes $74.8m buyout for Champps

Nation's Restaurant News,  Nov 5, 2007  

• E-mail
• Print
• Link

LITTLETON, COLO. -- F&H Acquisition Corp. completed on Oct. 22 its $74.8 million, or $5.60 per share, buyout of the 61-unit casual-dining chain Champps Entertainment Inc., based here. F&H, holding company for the Wichita, Kan.-based Fox & Hound Restaurant Group, last month requested that the deal's closing be delayed so F&H would have additional time to secure financing, given the turbulent credit markets.

The deal originally was to have closed Oct. 1. F&H's equity sponsors in the buyout are Newcastle Partners LP, Newcastle Special Opportunity Fund II LP and Steel Partners II LP.

COPYRIGHT 2007 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning