Rubio’s to Be Sold to New Private Equity Owner, TREW Capital Management

  • 8/2/2024

|

QSR Magazine
• Subcategory:
• Tag: | |
• Additional Filters-Subcategory:
• Additional Filters-Tags:

Bankrupt fast casual Rubio’s Coastal Grill has a new owner. TREW Capital Management, founded by former Famous Dave’s CEO Jeff Crivello, will use a $40 million credit bid to acquire the chain’s assets. That means instead of a traditional sale, the private equity firm will use the debt it’s owed as a form of currency to gain control of Rubio’s. Rubio’s filed for Chapter 11 bankruptcy in June, citing $100 million to $500 million in liabilities and $10 million to $50 million in assets.

Additional Filters

Subcategory
Tags