Private equity interested in California Pizza -sources
PHILADELPHIA/NEW YORK, July 28 |
PHILADELPHIA/NEW YORK, July 28 (Reuters) - Private equity firm American Securities is bidding for California Pizza Kitchen Inc CPKI.O, two sources familiar with the situation said.
The 25-year-old restaurant chain said in April that it had hired investment bank Moelis & Co as its exclusive financial adviser to consider changes in its capital structure, a possible sale or other business combination.
American Securities and California Pizza were not immediately available for comment. News of American Securities' interest was first reported by the New York Post.
(Reporting by Jessica Hall)
(For more M&A news and our DealZone blog, go to here)
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