Bain-Backed Sushi Chain Files for Bankruptcy, Seeks Sale (1)

The entity behind Bamboo Sushi and QuickFish, a small group of seafood restaurants backed by Bain Capital’s impact investing strategy, will try to sell itself through bankruptcy after the virus lockdown strained its finances.

Sustainable Restaurant Holdings operates 10 restaurants in the western U.S., Interim Chief Executive Officer Matthew Park said in a court declaration. The restaurants feature environmentally-conscious designs including reclaimed timber, low-flow water systems and draw their energy from renewable sources, he said.

All 10 restaurants have ceased normal operations and three shifted to take-out and delivery, but the company still isn’t generating enough cash ...