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Exclusive: Buyout firms Bain, CVC compete to acquire Papa John's - sources

October 30, 2018 3:04 PM EDT

By Joshua Franklin and Harry Brumpton

(Reuters) - Bain Capital and CVC Capital Partners are among the private equity firms competing to acquire Papa John's International Inc (NASDAQ: PZZA), the world's third-largest pizza delivery company, people familiar with the matter said on Tuesday.

The buyout interest in Papa John's comes amid a battle for control with its founder John Schnatter, who owns about 30 percent of the company. He resigned as chairman in July following reports that he had used a racial slur on a media training conference call.

Since then,... More