Noteholders win bid to acquire Real Mex

A group of noteholders that includes affiliates of Tennenbaum Capital Partners, Z Capital Partners and J.P. Morgan Investment Management has the winning bid to acquire all assets of Real Mex Restaurants Inc. in a bankruptcy auction.

The board of directors for Real Mex, parent of the El Torito, Acapulco and Chevys Fresh Mex brands, approved the bid late Tuesday.

The sale is subject to court approval in a hearing scheduled Friday.

If approved, the noteholder group could clo

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