2 min read · 20 January 2010
(Reuters) - The parent of the Uno Chicago Grill pizza chain has filed for bankruptcy after sales fell and ingredient costs rose, and said it agreed on a restructuring that would give bondholders a controlling stake. Uno Restaurant Holdings Corp and more than 150 affiliates sought Chapter 11 protection from creditors on Wednesday with the U.S. bankruptcy court in Manhattan. The company said it had agreed with noteholders on a swap that will result in the conversion of $142 million of senior notes into a controlling equity stake. Private equity firm Centre Partners had taken a controlling stake in 2005.
2 min read · 20 January 2010
Baird Capital Partners has formed American Auto Auction Group LLC, as an acquisition platform focused on the whole-car auction market. Its first two portfolio additions are Charleston Auto Auction of Moncks Corner, S.C., and Rea Brothers Mid-South Auto Auction of Pearl, Mississippi. No financial terms were disclosed.
3 min read · 20 January 2010
CBPE Capital, a UK-based mid-market private equity firm, has closed its eighth fund with £405 million in capital commitments. The frim began fundraising in Q4 2008, and held a £270 million first close last April. Its seventh fund closed on £360 million in 2004.
2 min read · 20 January 2010
2 min read · 20 January 2010
1 min read · 20 January 2010
Providence Equity Partners has agreed to sell movie theater chain Kerasotes Showplace Theatres to AMC Entertainment Inc. for an undisclosed amount. Kerasotes owns 96 theaters and 973 screens, primarily in the Midwest. AMC is a portfolio company of JPMorgan Partners, Apollo Management, Bain Capital, The Carlyle Group and Spectrum Equity Investors.
2 min read · 20 January 2010
Clearlake Capital has closed its second fund with more than $410 million in capital commitments. The New York-based turnaround firm was founded in 2006, in partnership with Reservoir Capital Group.
2 min read · 20 January 2010
Justin Bastian has joined the Palo Alto, Calif. office of law firm Sidley Austin as a partner. He previously was a partner with Morrison & Foerster.
3 min read · 20 January 2010
THL Credit has sponsored a recapitalization of Anytime Fitness, in partnership with the company's founders. No financial terms were disclosed. Anytime Fitness is a fitness franchise concept with over 1,200 clubs and 800,000 members.
2 min read · 20 January 2010
