Is Wellspring Still Trying to Sell Checkers?

The status of the Checkers Drive-In Restaurants’ auction has come into question. Wellspring Capital Management has decided to pull the Checkers sale and is instead pursuing a dividend recap, three sources tell peHUB. But a different person maintains that the process is alive and bidders are still conducting due diligence.

KarpReilly Puts Miller’s Ale House on the Block

KarpReilly has put Miller’s Ale House up for sale, four sources say. The private equity firm tapped North Point Advisors to run the process. Jupiter, Fla.-based Miller’s Ale house, a casual dining chain, has 57 restaurants spread through eight states.

Reuters – Palladium Puts Taco Bueno on the Block

Mexican restaurant chain Taco Bueno has hired North Point Advisors to advise on a sale of the company, which could be valued at as much as $175 million, writes Reuters. Taco Bueno’s owner Palladium Equity Partners declined to comment through a spokesperson and North Point Advisors and Taco Bueno could not be reached for comment, […]

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