Reuters
Private equity firm Bain Capital is in talks to acquire Sizzling Platter, which operates restaurant franchises such as Little Caesars and Jersey Mike's, for more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Salt Lake City, Utah-based company, which also operates franchises including doughnut chain Dunkin', chicken wings chain Wingstop and juice bar chain Jamba, has been working with investment bankers at UBS and Deutsche Bank on a sale process for several months, the sources said. Sizzling Platter expects to generate earnings before interest, taxes, depreciation and amortization of about $175 million this year, the sources said, requesting anonymity as the discussions are confidential.