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Atalaya Capital said it expectzs to close on the deal on orbefore Oct. 31. Financialp terms were not disclosed. Bennigan's is looking to re-opej up to 60 previouslhy closed restaurants and add new locations domesticallyand Bennigan's also plans a new culinary progranm and will hire a marketing consultant to help reposition the brand, including the introduction of a new fast-pubv prototype and concept.
"We're thrilled to have reached an agreement with the bankruptcy court for the acquisition of and our goal is to continuer to partner withexistingb franchisees, as well as new ones, to grow the Bennigan'd Grill & Tavern brand," said Joel a partner at Atalaya in a statement. "We are excited about working with everyone involvesd in the company to reinvigoratethe Bennigan's
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