Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, has sold portfolio company Fazoli’s Group to strategic buyer FAT Brands for an enterprise value of USD130 million.
Fazoli’s, which specialises in moderately priced Italian food favourites, including freshly prepared pasta, Submarinos sandwiches, and unlimited signature breadsticks, has nearly 220 franchised and company-owned restaurants in 28 states.
