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Chase Capital buys Wendy's franchisee

Nation's Restaurant News, August 28, 1995

NEW YORK -- Chase Capital, a private equity-investment arm of Chase Manhattan Corp., acquired Southern California Food Services Holding Corp., a 64-unit Wendy's franchisee.

Financial terms were not disclosed but sources close to the deal placed the acquisition at about $30 million.

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SCFS operates its Wendy's units through subsidiaries in Knoxville, Tenn., and in San Diego and Ventura, Calif.

COPYRIGHT 1995 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning

 

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