CKE Restaurants, Inc., serves as a parent company of Red Burrito, Green Burrito and Carl's Jr., Hardee's restaurant chains across the globe. The company was incorporated by Carl's Jr in 1964. The company developed into a large size gradually after initiating the venture as a lone cart for hot dog. The chain has innumerable subsidiaries and franchises across 28 foreign countries and is also spread across 42 states. THL Partners finally gave their consent to acquire the restaurant chain in 2010. However, CKE got the deal and accepted $693.9 million from Apollo Management, taking over the earlier deal made by THL Partners.