Champps to be sold to private equity group

January 11, 2007
Champps Entertainment Inc., which operates two of its casual dining eateries in Indianapolis, has agreed to be bought by Kinderhook Industries LLC for $75 million. Kinderhook Industries is a New York-based private-equity firm.

Champps plans to reinvest the sale proceeds in another business. There are about 65 Champps restaurants in 22 states.
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