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Shares of El Pollo Loco (Nasdaq: LOCO) rose 7% to $10.41 apiece during midday trading on Friday following an SEC filing by CapitalSpring Finance Company LLC that disclosed the firm’s 5.2% stake in the restaurant chain.
CapitalSpring reported it was discussing “a potential extraordinary transaction involving (El Pollo Loco) and other third parties, including potential acquirers and financing sources, with which (CapitalSpring) may participate, as investor, financing source, or otherwise.”
The private equity and debt investment firm, led by Managing Partner Richard Fitzgerald in Nashville, holds 1,573,329 shares as of May, according to the filing.
For more details, see the June 9 print edition of the Business Journal.