Lee Equity Partners-backed Papa Murphy’s files for IPO


Papa Murphy's pizzaPrivate equity-backed pizza chain Papa Murphy’s Holdings filed to raise $70m in an IPO on the Nasdaq exchange.

Papa Murphy’s, whose investors include private equity firm Lee Equity Partners, did not say how many shares it would offer and at what price.

Jefferies, Baird, Wells Fargo, William Blair, Raymond James and Stephens Inc are acting as underwriters for the IPO, according to a document filed with US securities regulators.

The company said it will trade under the symbol FRSH.

Papa Murphy’s currently has over 1,300 stores, which makes it America’s fifth largest pizza chain. Unlike its peers, it does not offer delivery and customers pick out a pizza and toppings at its shops and take it home to cook.

It has been owned by Lee Equity Partners Since 2010 when it was acquired in a $180m deal.

Copyright © 2014 AltAssets