The owner of restaurant chains that include Planet Hollywood, Buca di Beppo and Earl of Sandwich is the winning bidder for bankrupt pizza chain Bertucci’s Corp., topping an earlier offer from an investment firm, WSJ Pro Bankruptcy reported. Earl Enterprises, whose chains have about 130 locations, will pay more than $3 million in cash for Bertucci’s, take on $4 million of debt it acquired in bankruptcy, and issue $13 million in new second-lien debt. The original bidder, Chicago-based Right Lane Capital LLC, offered less in cash, $1.7 million, and $14 million in new notes, as well as the $4 million in bankruptcy financing. Right Lane will also receive a breakup fee and expense reimbursement totaling $995,000 for having served as stalking horse, or lead, bidder.
