Company officials declined to comment on the roughly $1 billion reported deal, but it would add to the investment firm's already

Private-equity firm Roark Capital is in advanced talks to acquire Dave’s Hot Chicken for roughly $1bn, according to people familiar with the matter. A deal could be announced soon, granted the talks don’t hit any snags, the people said.

Private equity firm Roark Capital has signed a deal to acquire Dave's Hot Chicken for roughly $1 billion, according to sources familiar with the matter, in a deal that will reinforce its foothold in the restaurant industry.