Control of Au Bon Pain sold for $100M

BOSTON The management of Au Bon Pain bakery-cafe chain has teamed up with the private-equity firm LNK Partners to buy a controlling interest in the brand’s parent company from another investment group for $100 million, the buyers said Wednesday.

Under terms of the agreement, Compass Group PLC will decrease its stake in the chain. Compass, the London-based contract feeding giant and Au Bon Pain franchisee, previously held a 25-percent share in the brand.

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish