Apollo, Irth Capital Look to Take Papa Johns Private

Papa John’s shares jump after Apollo makes $2B bid for pizza chain

Apollo Global Management and Irth Capital Management have approached Papa John's International for a deal that would take the pizza chain private, two people familiar with the matter said Wednesday.

Apollo, Irth Capital look to take Papa Johns private

The ScoopApollo and a Qatari investment fund have made a bid for Papa John’s that would value the pizza chain at around $2 billion, according to people familiar with the matter.It’s an unlikely pairing: Apollo, one of Wall Street’s deepest pockets; and Irth Capital, which is backed by Sheikh Mohamed al Thani, a member of the Qatari royal family, and managed just $190 million as of Dec. 31, regulatory filings show. With Papa John’s stock now trad…

Papa John’s shares climb following Apollo and Irth Capital bid

Shares in Papa John’s International surged on Wednesday following reports that private equity giant Apollo Global Management and Qatari investment firm Irth Capital have submitted a proposal to acquire the company and take it private, according to a report by Bloomberg.  The stock advanced 7.4% in New York trading – its sharpest single-day gain since 8 May – bringing its year-to-date performance to +17%, significantly outperforming the S&P Small…