Private equity-backed Del Taco mulls sale

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del tacoPrivate equity-backed fast food chain Del Taco is reportedly exploring a sale.

The company, which is backed by Charlesbank Capital Partners, GE Capital, Leonard Green & Partners and Goldman Sachs Mezzanine Partners, could be valued at more than $500m, said Reuters, citing people familiar with the matter.

Del Taco specialises in Mexican food and currently operates 546 restaurants in 17 US states including California and Oregon.

Goldman Sachs backed the company in 2010 and earlier this year GE helped the company refinance its debt.

In April this year Ardian agreed to buy to buy a $1.3bn private equity portfolio from GE Capital.

The portfolio is mostly interest in US buyout funds according to a statement from the companies.

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