Investor to acquire company's assets as part of reorganization
Claim Jumper Restaurants LLC filed for Chapter 11 bankruptcy protection Friday and said it plans to sell most of its assets to an affiliate of investment firm Canyon Capital Advisors LLC. The Irvine, Calif.-based restaurant company expects to emerge from bankruptcy debt-free in about two months under new ownership. Private Capital Partners, an affiliate of Los Angeles-based Canyon Capital and a current investor in Claim Jumper, said it would acquire “substantially all” of the ...
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