Au Bon Pain, a Boston-based chain of fast casual restaurants, will be bought by LNK Partners, according to several news reports and press releases.
LNK, a private equity firm based in New York, is headed by the former President of Staples and CEO of Star Market as well as the former CEO and Chair of Phillips-Van Heusen. Au Bon Pain operates more than 200 cafes around the world, with many of these located in the eastern United States.
Current plans are for Au Bon Pain to further expand through the United States and other parts of the world, with this acquisition helping to accelerate these plans.
