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Deal snapshot: CENTEROAK PARTNERS ACQUIRES CALIFORNIA PRETZEL STORE OPERATOR WETZEL'S.

MANews-(C)2009-2016

Dallas, Texas-based private equity firm CenterOak Partners LLC has completed a majority investment in Pasadena, California-based soft pretzel store owner and franchisor Wetzel's Pretzels LLC, the company said.

CenterOak Partners invested in Wetzel's Pretzels with capital from its USD 420m CenterOak Equity Fund I, L.P. Founded in 1994, Wetzel's Pretzels includes a range of fresh baked soft pretzels, Wetzel Dogs, Wetzel Bitz and beverages.

Country: USA

Sector: Hotels/Restaurants/Casinos/Catering

Target: Wetzel's Pretzels LLC

Buyer: CenterOak Partners

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: Gibson, Dunn and Crutcher , Golub Capital ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U9CA
Date:Sep 6, 2016
Words:108
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