Private equity firm Roark Capital acquires popular fried chicken chain Dave’s Hot Chicken in a $1 billion deal, with plans to expand the business rapidly around the globe. With over 300 locations already operating and ambitions to reach 400 by the end of the year, the acquisition is expected to fuel significant growth for the company founded by three childhood friends in 2017.
Source: https://www.foxbusiness.com/economy/popular-fried-chicken-chain-acquired-private-equity-firm-1b-deal