Bankrupt Vicorp Gets a Stalking Horse

Vicorp Restaurants Inc. has chosen Fidelity National Special Opportunities and Newport Global Advisors, a unit of Providence Equity Partners, to serve as lead bidders for buying its assets out of bankruptcy, according to LBO Wire. The firms have offered $60 million, which will be put up during an auction next month. Denver-based Vicorp filed for Chapter 11 bankruptcy earlier this year. It had been acquired in a $225 million leveraged buyout in 2003 led by Wind Point Partners.