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Bennigan?s Franchising Company, L.P.; Atalaya Capital Management
Bennigan's Poised for Growth as Ownership Finalized
November 8th, 2008
Atalaya Capital Management and Bennigan's Franchising Company, L.P. are pleased to announce that the U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, has approved the acquisition of Bennigan's Franchising Company by affiliates of Atalaya Capital, including the company's equity, trademarks and other assets, including the Tavern and Steak & Ale brands. Atalaya Capital expects to close on the acquisition on or before October 31, 2008. "We're thrilled to have reached an agreement with the Bankruptcy court for the acquisition of Bennigan's Franchising Company and our goal is to continue to partner with existing franchisees, as well as new ones, to...
Source: Law & Health Weekly (2008-11-08)
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