$61.5M Giordano's Sale Ends Food Fight

Law360, New York (November 18, 2011, 7:30 PM EST) -- An Illinois bankruptcy judge on Friday approved the sale of the assets of Giordano’s Enterprises Inc. to two private equity firms for a total of $61.5 million, ending a protracted battle over whether the pizza chain’s owners had been tricked into filing for bankruptcy.

VPC Pizza Holdings LLC, a company formed by distressed private debt and equity investment firm Victory Park Capital, bought GEI's restaurant assets for $35.5 million and the flagship restaurant in Chicago for $16 million in an auction on Tuesday. Origin Capital Partners...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.