Praesidian to Dine at Charlie Brown's

Praesidian Capital has reportedly won the bankruptcy auction for Charlie Brown's Steakhouse with a $9.5 million bid. Charlie Brown's Steakhouse is a casual dining restaurant chain, and its parent company was owned by Trimaran Capital Partners when it filed for bankruptcy last November. Praesidian will be providing equity financing for the acquisition through its Praesidian Capital Opportunity Fund III.