Frisch’s acquired by NRD Partners in $175M deal

Frisch’s acquired by NRD Partners in $175M deal

Acquisition is first for new private-equity fund

Frisch’s Restaurants Inc. has reached a deal to sell the company to NRD Partners I LP, a new private-equity fund focused on franchises, for $34 a share, or $175 million, the company said Friday.

The per-share price is a 21-percent premium on Frisch’s closing price Thursday, and represents a multiple of 7.4x trailing earnings before interest, taxes, depreciation and amortization, or EBITDA. The deal is expected to close by September.

After the deal is complete, Frisch’s

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