Arcapita sells Church's Chicken

ATLANTA Arcapita Inc. said Wednesday that it signed a deal to sell Church's Chicken to another private-equity firm, ending speculation that the 1,650-unit fast-food chain was on the block.

Terms of the deal between Arcapita and the buyer, San Francisco-based Friedman Fleischer & Lowe, were not disclosed. However, reports last week indicated the price would be in the $300 million range. Arcapita paid $390 million

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