Charlotte firm to sell stake in Bojangles' Restaurants

Charlotte firm to sell stake in Bojangles' Restaurants: "(By Kirsten Valle Pittman, kpittman@charlotteobserver.com) Falfurrias Capital Partners, a Charlotte private-equity firm founded by former Bank of America Corp. executives, announced today it will sell its ownership stake in Bojangles' Restaurants Inc.

The firm, co-founded by former bank executives Hugh McColl Jr. and Marc Oken, is selling its interest to Advent International, a global private-equity firm based in Boston. The sale, expected to close later this summer, comes nearly four years after Falfurrias acquired the restaurant chain, the company said in a news release today."