CPK to be sold for $470M to Golden Gate Capital

Private-equity firm also owns On The Border and Macaroni Grill

California Pizza Kitchen Inc. will be acquired for $470 million by private-equity firm Golden Gate Capital, the companies said Wednesday morning.

Under terms of the deal, San Francisco-based Golden Gate will pay $18.50 a share to acquire CPK, a price it said represents a 15-percent premium over the restaurant company’s 30-day average share price before the deal was announced. Golden Gate said it would begin its tender offer by June 8.

CPK’s share price was trading up

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