TITLE

PE Firm to Buy Fuddruckers

AUTHOR(S)
Holman, Kelly
PUB. DATE
May 2010
SOURCE
Mergers & Acquisitions Report;5/3/2010, Vol. 23 Issue 18, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article announces the acquisition of the assets of Austin, Texas hamburger chain Fuddruckers Inc. by Tavistock Group, a private equity company based in Florida, for 40 million U.S. dollars. Fuddruckers will accept more bids for its assets over the next 60 to 90 days. Wells Fargo Capital Finance Inc. will give Fuddruckers 14 million U.S. dollars in debtor-in-possession financing while it undergoes its reorganization process. US Foodservice is cited as the largest unsecured creditor of the restaurant company.
ACCESSION #
50247867

 

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