Deals
Lou Malnati’s Sold to Investment Firm Meritage
- BDT Capital Partners, Malnati family owned the pizza chain
- Meritage is investment firm with $11 billion under management
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Lou Malnati’s Pizzeria, the Chicago-style, deep-dish pizza chain, has been sold to the private investment firm Meritage Group, according to people with knowledge of the matter.
Meritage is buying the company from the chain’s owners, which include BDT Capital Partners, the people said, asking not to be identified discussing private information. The company had an enterprise value of more than $500 million in the sale, one of the people said.