Frequently Asked Questions for Papa Gino’s and D’Angelo Grilled Sandwiches Suppliers
Wynnchurch is a leading middle-market private equity investment firm with $2.2 billion of committed capital under management. Wynnchurch has a long history of partnering with middle market companies like PGHC in the United States and Canada that possess the potential for substantial growth and profit improvement.
This proceeding will ensure PGHC can maintain normal business operations at all of its restaurants with improved liquidity as it pursues the sale. As part of this process, and as is customary, PGHC will solicit competing offers to maximize the ultimate value of the sale, for both the company and its stakeholders. Under this process, the sale will require court approval.
Federal law precludes PGHC from making payments owed at the time of the November 5, 2018, Chapter 11 filing without a Court order. Amounts owed at the time of the filing will eventually be addressed during the Chapter 11 process.