date:Nov 20, 2013
Private equity firm Roark Capital Group has clinched a deal to acquire Apollo Global Management-based (APO.N) restaurant group CKE Inc, the parent of the Hardees and Carl's Jr. fast food chains.
Roark prevailed over rival bidder TriArtisan Capital Partners in the later stage of the process, according to people familiar with the matter.
The deal values CKE at between $1.65 billion to $1.75 billion, the people said.
Apollo declined to comment on the transaction. Goldman Sachs Group Inc (GS.N) a