Champps deal falls through

LITTLETON Colo. Champps Entertainment Inc. said Thursday its letter of intent to undertake a $75 million management-led buyout sponsored by an affiliate of private-equity firm Kinderhook Industries LLC has expired.

The company did not say why the deal fell through, but it was contingent upon typical due diligence, the obtaining of debt financing by Kinderhook and shareholder approval.

Champps, which operates or franchises 61 namesake dinnerhouse