News
Papa Murphy's International is for sale
November 19, 2009
Nation's Restaurant News relayed earlier this week that successful take-'n-bake pizza chain Papa Murphy's International is on the selling block.
"The quote in the NRN piece is all we're saying at this time," said company spokesperson Lindsi Miller. "We are for sale."
The report claimed Papa Murphy's private equity company, Charlesbank Capital Partners LLC, has paired with San Francisco-based North Point Advisors to start proceedings.
From NRN:
‘Charlesbank and Papa Murphy's International have engaged North Point Advisors to assist in evaluating strategic alternatives that will yield a solid return to Charlesbank's limited partners, consistent with its original commitment to them,' Papa Murphy's spokeswoman Lindsi Miller said in a statement.
Papa Murphy's has enjoyed great success during the last couple years, opening hundreds of stores and enjoying positive same-store sales while the rest of the category suffered. The pizza chain was ranked in Inc. Magazine's Top 100 Food & Beverage Companies for the third year in a row this summer.
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