Tuesday, April 17, 2018

Bertucci’s files for bankruptcy, to close 15 restaurants immediately

Boston Business Journal

The Northborough-based Italian restaurant chain Bertucci’s filed for bankruptcy on Sunday, revealing plans to continue operating under a new owner and to close 15 locations immediately.

An affiliate of Chicago-based Right Lane Capital has agreed to acquire Bertucci’s, though other potential buyers can submit bids in the coming weeks. Bertucci’s is now owned by an affiliate of Levine Leichtman Capital Partners, a Los Angeles-based private equity firm. . . . more