Goldman Sachs buys stake in Apple American

The largest Applebee’s franchise group has received a “strategic growth investment” from Goldman Sachs Capital Partners in a deal that closed Monday, company officials said.

San Francisco-based Apple American Group LLC, operator of about 270 Applebee’s Neighborhood Grill & Bar locations in 11 states, said its current investment partner Weston Presidio will remain involved in the company. Terms were not disclosed.

Also participating in the investment a

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