Deals
Checkers Restaurants Said to Be Readied for $500 Million Sale
- Sentinel Capital working with Piper Jaffray on auction
- Private equity firm bought Florida-based chain in 2014
Checkers
Photographer: Pierre Bessard/REA/ReduxThis article is for subscribers only.
The owner of Checkers Drive-In Restaurants Inc. is preparing to sell the hamburger chain in a process that could fetch about $500 million, people with knowledge of the matter said.
Sentinel Capital Partners, which bought Checkers in 2014, is working with investment bank Piper Jaffray Cos to sell the company, said the people, who asked not to be identified because they weren’t authorized to speak publicly.