Real Mex Restaurants Completes Sale to New Owner; Exits Chapter 11

Real Mex Restaurants Inc. announced its exit from Chapter 11 restructuring March 21 following the closing of a previously approved sale of the company’s assets to a newly created entity, according to a statement released by the company.

The new entity is associated with certain noteholders of the company and its owners include funds managed by Tennenbaum Capital Partners, Z Capital Partners, and J.P. Morgan Investment Management.

New Owner.

The company announced March 21 on its website that Real Mex and its subsidiaries El Torito Restaurants, El Torito Grill, Acapulco Restaurants, Chevys Restaurants, Las Brisas, Who Song & Larry’s, Sinigual, ...