Bojangles Eyes $1.5 Billion Sale Amid Rising Fried Chicken Demand
Deal News | Jun 11, 2025 | EIN
Bojangles, a prominent Southern-based fast-food chain known for its fried chicken and biscuits, is reportedly exploring a potential sale valued at over $1.5 billion. This prospective valuation is three times higher than the company's previous 2019 buyout price. Private-equity firms Durational Capital Management and TJC, which acquired Bojangles in that buyout, may capitalize on the burgeoning demand for fried chicken, which has shown strong growth in the fast-food sector. This interest is fueled by the versatility of chicken dishes appealing to a wide customer base. Bojangles currently operates around 800 locations predominantly in the southern United States and is expanding into the northeast. The chain is reportedly looking to capitalize on favorable market conditions as many other fast-casual chicken chains, including Raising Cane's and Wingstop, have experienced significant sales and visitation growth. The decision to pursue the sale is still under consideration, and Bojangles has not yet provided public comments on the matter.
Sectors
- Restaurant/Fast-Food Industry
- Private Equity
Geography
- United States – Bojangles, the company under potential sale, operates primarily in the southern US with expansions into the northeast.
Industry
- Restaurant/Fast-Food Industry – The fast-food industry is relevant to the article as it discusses the potential sale of Bojangles, a fast-food chain, within a context of increased consumer demand for fried chicken.
- Private Equity – The private equity industry is relevant due to the involvement of firms like Durational Capital Management and TJC, who took Bojangles private and are now considering selling it.
Financials
- 1.5 billion – Potential sale value of Bojangles as reported, significantly higher than its 2019 buyout valuation.
- 590 million – The valuation of Bojangles in its 2019 buyout by Durational Capital Management and TJC.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bojangles | Target Company | Company | A Southern-based fast-food chain known primarily for its fried chicken and biscuits. |
| Durational Capital Management | Private Equity Firm | Company | A private equity firm that took Bojangles private in 2019. |
| TJC (The Jordan Company) | Private Equity Firm | Company | A private equity firm that partnered with Durational Capital Management to acquire Bojangles in 2019. |
| Wall Street Journal | Media Source | Company | The source cited for reporting Bojangles's potential exploration of a sale. |