Smoothie King Chain Sells Minority Stake to Main Post Partners
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Smoothie King, the Dallas-based restaurant chain, sold a minority stake to consumer investor Main Post Partners, according to a statement.
Though terms of the transaction weren't disclosed, the smoothie franchise had been seeking to be valued in a deal at more than $1 billion, said a person familiar with the matter who asked not to be identified discussing private information. A representative for Smoothie King declined to comment on the valuation.
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