Prandium Considering Investors’ Offer
Prandium Inc., the Irvine-based parent of the Koo Koo Roo and Hamburger Hamlet chains, is reviewing an offer from a group of investors to buy at least part of the company for $6.4 million, according to a securities filing.
Prandium, which emerged from Chapter 11 reorganization in July, has been searching for a buyer for all or part of its business since last year. The company is in separate talks to find a buyer for the Hamburger Hamlet chain.
The investment group includes the Los Angeles-based 180 Group and its affiliate Triyar Cos.; Prandium Acquisition Co. and Lake Forest, Ill.,-based Goense Bounds & Partners, according to a May 14 filing with the Securities and Exchange Commission.
Shares of Prandium, which trades over the counter, closed at 55 cents.