Quiznos Owner Buys 80 Hardee’s Locations From Bankrupt Franchisee

A unit of the private equity firm behind the Quiznos, Taco Del Mar, and Church’s Texas Chicken brands secured court approval to buy 80 Hardee’s restaurant locations for $16.5 million from bankrupt franchisee Summit Restaurant Holdings LLC.

San Diego, Calif.-based High Bluff Capital Partners LLC said the purchase is consistent with its strategy of “investing in iconic consumer-facing brands, with a strong presence in historically underserved markets, that have the opportunity for significant growth and value creation,” according to a press release.

High Bluff subsidiary Arc Burger LLC in May placed an $11.7 million starting bid for as many as ...