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Thirty-eight Colorado Panera Bread locations bought by California company

CapitalSpring, a private investment firm, owns Panera Bread outlets in southern California, Oregon, Washington, Michigan and Indiana.
Credit: Wikimedia

DENVER BUSINESS JOURNAL — A California company said it's buying 38 Panera Bread restaurant locations in Colorado.

Financial terms of the deal weren't disclosed.

Manna Development Group of Encinitas, California, is now one of the Panera Bread's largest franchisees, owning 130 restaurants in seven states.

CapitalSpring, a private investment firm, structured and led the acquisition financing and recapitalization, according to a statement.

Read more at the Denver Business Journal: https://bit.ly/2jWHMQp