Bos­ton Mar­ket chain said to be for sale

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — Bloomberg News

Sun Cap­i­tal Part­ners is weigh­ing a sale of restau­rant chain Bos­ton Mar­ket Corp., peo­ple with knowl­edge of the mat­ter said.

The mid­mar­ket pri­vate eq­uity firm is work­ing with ad­vis­ers to so­licit of­fers for the ro­tis­serie-chicken restau­rants, said the peo­ple, who asked not to be iden­ti­fied be­cause they weren’t au­tho­rized to speak pub­licly. Bos­ton Mar­ket could fetch about $400 mil­lion in a sale and is at­tract­ing in­ter­est from other buy­out firms, the peo­ple said.

A spokesman for Sun Cap­i­tal de­clined to com­ment, while a rep­re­sen­ta­tive for Bos­ton Mar­ket didn’t re­spond to email re­quests for com­ment.

Growth has been slow­ing among fast-ca­sual chains, lead­ing pri­vate eq­uity firms to look for re­tail busi­nesses that are more re­silient to changes in spend­ing habits. KarpReilly is pre­par­ing to sell or float Cafe Rio: Mex­i­can Grill, while Valor Eq­uity Part­ner is at­tract­ing bid­ders for restau­rant op­er­at­ing com­pany Siz­zling Plat­ter LLC, peo­ple fa­mil­iar with those pro­cesses have said.

Sun Cap­i­tal bought Golden, Colo.-based Bos­ton Mar­ket from McDon­ald’s Corp. in 2007. The com­pany’s more than 450 restau­rants across the U.S. spe­cial­ize in home-style meals, and it sup­plies branded frozen foods to su­per­mar­kets.

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