The news confirms Reuters’ previous reporting<\/a> that a deal had been reached to sell the iconic pizza chain after successfully bouncing back from its 2020 Chapter 11 bankruptcy<\/a>. Billionaire Todd Boehly’s investment firm Eldridge Industries, the credit arm of private equity firm Bain Capital, and Aurify Brands are part of the investor group. The transaction, the terms of which were not disclosed, is set to close later this month.The restaurant, which was founded 40 years ago in Beverly Hills and has over 120 locations globally, generates annual revenue of close to $1 billion. Reuters reported<\/a> last month that CPK was nearing a deal with the investor group for under $300 million.<\/p>\n The investment represents an opening foray into the restaurant category for Consortium Brand Partners, which owns activewear brand Outdoor Voices, home decor company Jonathan Adler, and lifestyle brand Draper James, which was founded by actress Reese Witherspoon.<\/p>\n Lenders owned the restaurant chain following a July 2020 bankruptcy triggered by a pandemic slowdown and a heavy debt load from its previous private equity owner.<\/p>\n Eldridge Industries is a well-known investor across a variety of sectors, and its restaurant investment business Convive Brands owns Le Pain Quotidien and The Little Beet. Aurify Brands, a New York City\u2013based hospitality platform, owns Melt Shop and Fields Good Chicken and is a franchise partner to Five Guys and Wingstop.<\/p>\n Bain Capital Credit is also participating in the deal, providing debt and equity financing.<\/p>\n The new owners plan to open more CPK restaurants in the U.S. and internationally using franchisee partners, sell more CPK-branded products to grocery stores as part of its consumer packaged goods program, and continue to innovate the restaurant menus.<\/p>\n “CPK has extreme brand loyalty for something that’s been around for so long … and there’s an incredible amount of opportunity left,” Cory Baker, founder of Consortium Brand Partners, said in an interview.<\/p>\n The chain has a fast-growing consumer packaged goods business: CPK has a partnership with Nestle (NESN.S), opens new tab<\/a> to sell its frozen pizzas and with manufacturer Litehouse to sell its salad dressings in over 10,000 grocery retailers globally.Elsewhere in pizza deals, investment firms have been circling Papa John’s<\/a> (PZZA.O), opens new tab<\/a>. Yum Brands (YUM.N), opens new tab<\/a> is exploring a sale of Pizza Hut, and MTY Food Group (MTY.TO), opens new tab<\/a>, the parent company of dozens of restaurant concepts including pizza chain Papa Murphy’s, is exploring a sale<\/a>.<\/p>\n Reporting by Abigail Summerville in New York; Editing by Dawn Kopecki and Lisa Shumaker<\/p>\n Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n Purchase Licensing Rights<\/a> Abigail is on the M&A team and writes about consumer and retail deals. She joined Reuters in 2022 from Debtwire where she covered leveraged finance and the primary debt market for three years. Previously, her work has appeared in the Wall Street Journal, CNBC and the Boston Business Journal. She majored in business journalism at Washington and Lee University.<\/p>\n","protected":false},"excerpt":{"rendered":"Consortium Brand Partners makes first restaurant investmentJon Weber will be CEO of CPK restaurant divisionNew owners plan US…\n","protected":false},"author":2,"featured_media":96879,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1180,1111,21082,17265,21083,22203,7,9,8,45323,12972,1122,22210,1124,1125,22211,53089,7487,53099,1219,53096,22223,53097,2942,1220,53090,1110,22212,2940,17267,17269,17270,7479,53091,53092,1186,1151,22221,53098,53095,53088,1157,22216,53093,53094,1158,7480,1166,1167,1181],"class_list":["post-96878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-amers","tag-anlins","tag-bact","tag-bisv","tag-biz","tag-bkrt","tag-california","tag-california-headlines","tag-california-news","tag-ccos","tag-cdm","tag-cmpny","tag-corpd","tag-cycs","tag-dbt","tag-dbtr","tag-deal1","tag-destlita","tag-destobkrt","tag-destocabsm","tag-destocog","tag-destocor","tag-destoma","tag-destoukbsm","tag-destousbsm","tag-ents","tag-erep","tag-exclsv","tag-fin","tag-fins","tag-invbis","tag-invm","tag-legal","tag-mevn","tag-mrg","tag-namer","tag-news1","tag-nrlinocor","tag-nrlpaobkrt","tag-nrlpaocog","tag-nrlpaoma","tag-publ","tag-pve","tag-resbr","tag-resbr1","tag-ret","tag-reuters-legal","tag-shop","tag-shopal","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/96878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=96878"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/96878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/96879"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=96878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=96878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=96878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Abigail](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/https:\/\/s3.amazonaws.com\/arc-authors\/reuters\/68ee0849-0c96-4b4b-a114-b73b9c89543e.png\")
<\/a><\/p>\n