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Dive Brief

California Pizza Kitchen sells itself

Convive Brands will take over the global operator and master franchisor of the 120-unit pizza chain in a transaction backed by Bain Capital.

Published Dec. 16, 2025
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An image of a light brown building with a small tree out front that lost its leaves. The signage says California Pizza Kitchen.
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Dive Brief:

  • California Pizza Kitchen has entered an agreement to be acquired by Consortium Brand Partners, Eldridge Industries, Aurify Brands and Convive Brands, according to an emailed press release. 
  • The terms of the acquisition were not disclosed, but Bain Capital is backing the transaction with a debt and equity investment. The transaction is expected to close this month.
  • Convive, a multi-brand restaurant platform, will take over as global operator and master franchisor for CPK, with Jon Weber, CEO of Convive, serving as CPK’s CEO.

Dive Insight:

Editor’s note: This story is developing and will be updated.

 

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