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Hooters of America Acquired by Nord Bay Capital and TriArtisan Capital Advisors
Hooters of America, LLC (“HOA”, “Hooters” or the “Company”) announced today that Nord Bay Capital (“Nord Bay”) and its advisor TriArtisan Capital Advisors LLC (“TriArtisan”) have closed on a transaction to acquire HOA from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings (NASDAQ: BURG) and other investors. Financial terms of the deal were not disclosed. As part of the transaction, the selling entities will each retain a stake in the Company.
Terry Marks, Chief Executive Officer, HOA commented: “The partnership with Nord Bay and TriArtisan comes at an ideal time for the company, bringing fresh partners with complementary skills and experience to support our next phase of growth to the benefit of...
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