Dive Summary:

• Obscure private equity firm TriArtisan Partners may be close to reaching an agreement to acquire Hardee’s and Carl’s Jr. fast food chains.
• TriArtisan Partners and the fast food chains’ parent company are nearing the completion of a buyout agreement worth a reported $2 billion, according to details from Reuters.
• CKE, parent company of Hardee’s and Carl’s Jr., currently controls over 3,000 owned or franchised restaurants in over 40 U.S. states and 25 foreign countries.

Dive Insight:

In 2013, Global Management took the fast food chains’ parent company CKE private to the tune of nearly $700 million. Last year, Global Management delayed plans for an initial public offering and reportedly began shopping the company for a potential buyout offer.