Smith & Wollensky fields new bid from familiar suitors, but another party

NEW YORK Patina Restaurant Group principals Nick Valenti and Joachim Splichal have teamed up with the private-equity firm Bunker Hill Capital L.P. to offer $90 million, or $11 per share, for steakhouse operator The Smith & Wollensky Restaurant Group Inc.

SWRG, which previously agreed to be acquired by Patina for $79.6 million, or $9.25 per share, recommended that shareholders approve the deal. Valenti and Splichal head up New York-based Patina, which operates a

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