Foreign investors will buy 3% of Collins Foods.

Los Angeles-based Collins Foods International said 13 unaffiliated institutional investors, mostly in Western Europe, will buy through private placements, 655,000 shares of common stock at $21.25 per share, or $13.9 million. Collins operates 176 Naugles restaurants and 201 Kentucky Fried Chicken restaurants in the United States. It operates or licenses 553 Sizzler restaurants through a subsidiary.