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Atalaya Capital said it expects to closes on the deal on orbefore Oct. 31. Financialo terms were not Bennigan's is looking to re-open up to 60 previouslyg closed restaurants and add new locations domesticallyand internationally. Bennigan'ws also plans a new culinary program and will hire a marketingb consultant to help repositionthe brand, includin g the introduction of a new fast-pub prototypre and concept.
"We're thrilled to have reacher an agreement with the bankruptcy court for the acquisitiohn of and our goal is to continue to partneer withexisting franchisees, as well as new to grow the Bennigan'e Grill & Tavern brand," said Joel Holsinger, a partneer at Atalaya Capital, in a statement. "We are excitee about working with everyone involved in the company to reinvigoratethe Bennigan's
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