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

Dave’s Hot Chicken is reportedly close to being acquired by private equity firm Roark Capital for $1 billion, according to the Wall Street Journal. Sources told the publication that a deal “could be announced soon” if there are no hurdles.

Private-equity firm Roark Capital is in advanced discussion to purchase Dave's Hot Chicken for about $1 billion. A deal could happen soon, as long as no issues arise, according to a  WSJ report on Tuesday,