Sun Capital Equity Partners cleared a pension hurdle on the 15th of December, 2011 and reached a deal today to purchase back what’s left of the chain for $75 million dollars. It is hoped that this new reorganization will bring the company back to profitability and restore a stronger version of Friendly’s in the New England area. So, New Englanders, don’t give up on those “fribbles” just yet.
Sun Capital Equity Partners Clear Pension Hurdle and Reach a Deal to Buy Friendly’s Restaurant Chain for $75 Million
30 Friday Dec 2011
Posted in Politics
≈ Comments Off