Roark Capital Invests in Dave's Hot Chicken

This is a U.S. news story, published by CNBC, that relates primarily to Dave news.

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Hot Chicken

CNBC

•

Entertainment

Private equity firm Roark Capital invests in fast-growing restaurant chain Dave's Hot Chicken

Summary

Nutrition label

69% Informative

Roark Capital has bought a majority stake in Dave's Hot Chicken , a fast-growing restaurant chain.

Financial terms were not disclosed, but Dave 's CEO Bill Phelps said the reported $1 billion valuation for the deal is "pretty close" Dave 's U.S. sales soared 57% last year and surpassed $600 million .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful