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Finance

P.F. Chang's to Explore Sale, Owner Says

The owner of P.F. Chang’s Bistro said now “is an exciting time to explore a sale,” a move that could help the chain deal with debt burden of about $680 million. Centerbridge Partners and the Board of Managers of Wok Parent LLC announced they have retained BofA Merrill Lynch and Barclays to explore a potential sale of the Asian chain, which Centerbridge acquired in 2012 along with fast casual Pei Wei in a deal valued at $1.

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Huddle House

Should Your Restaurant Partner with a Private-Equity Firm?

For restaurant operators that want to grow and need funding, partnering with a private-equity investor can be a good place to start, as long as operators fully consider the pros and cons.Private-equity firms can provide significant benefits to a restaurant company, such as providing the financial backing that can fuel substantial growth.