Control of Au Bon Pain sold for $100M

BOSTON The management of Au Bon Pain bakery-cafe chain has teamed up with the private-equity firm LNK Partners to buy a controlling interest in the brand’s parent company from another investment group for $100 million, the buyers said Wednesday.

Under terms of the agreement, Compass Group PLC will decrease its stake in the chain. Compass, the London-based contract feeding giant and Au Bon Pain franchisee, previously held a 25-percent share in the brand.

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