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.
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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.
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, [...]