A New York-headquartered private equity firm is set to take the keys at El Jannah, the Lebanese charcoal chicken chain founded almost three decades ago in Sydney’s western suburbs, following a fiercely-contested auction.
People briefed on the transaction, who requested anonymity, said General Atlantic, best known in Australia for its investment in aged and disability care platform Mable, had acquired the business for a sale price close to $1 billion.
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