Tony Roma’s, Known for Its Ribs, Is Up for Sale

Highland Capital Management has put Tony Roma’s up for sale, sources say.

Five bidders, a mix of strategics and private equity, are vying for the company, one person said. Houlihan Lokey is advising. The auction began one month ago, the source said.

One banker said the sale of Tony Roma’s is a small deal. The company has less than $20 million EBITDA, the banker said. A strategic is expected to acquire Tony Roma’s, the first source said.

Highland Capital Adds Casey Herren as Director

Dallas-based investment firm Highland Capital Management LP has named Casey Herren to the newly created post of director. Herren will help manage relationships with institutional investors, including public and corporate pension plans, endowments and foundations and wealth management firms, the firm said. He will be based in Dallas. Prior to joining Highland, Herren served as director at Vaughan Nelson Investment Management, a Houston-based asset manager.

CCS Medical Creditors Eye Talks, After Plan Rejected

WILMINGTON, Del. (Reuters) – Creditors to CCS Medical are hoping to reach agreement to bring the medical equipment supplier out of bankruptcy after a court rejected a plan backed by Highland Capital Management, a source said on Wednesday. The plan to transfer the company’s ownership to creditors led by hedge funds of Highland Capital was […]

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