Fox & Hound, Champps Parent Plans $125M Sale In Ch. 11

Law360, Wilmington (February 10, 2014, 6:37 PM EST) -- Bankrupt F&H Acquisition Corp., parent of the Fox & Hound and Champps chains, said Friday it has scrapped plans for a March auction and will instead sell itself to junior lenders led by Cerberus Business Finance LLC in a private deal valued at more than $125 million.

F&H had sought a suitor for nearly a year before reaching the deal with its second lien lenders and said it was convinced that marketing the company for another month would not produce a superior offer, according to a...
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.