Category Archives: Uncategorized

Rubio’s Expected to Exit Chapter 11 by Year-End; Mackinac Partners Serves as CRO and Restructuring Advisors

Rubio’s Restaurants, Inc., a fast casual restaurant chain specializing in coastal Mexican food, announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed its Second Amended Joint Plan of Reorganization.  Mackinac Partners served as Rubio’s restructuring advisors throughout the proceedings. Mackinac Partners Senior Managing Director Melissa Kibler served as the company’s Chief […]

Preserving Value Through COVID-19: Restaurant Industry

The Restaurant Industry has been disproportionately impacted by the COVID-19 pandemic, creating significant liquidity constraints and operational uncertainty. Management teams are forced to continually amend their operating models and navigate mounting debt obligations to remain competitive. Mackinac Partners has leveraged its deep operational and restructuring experience within the restaurant sector to successfully guide companies through […]

Mackinac Partners assists Home Goods Retailer MUJI USA with Chapter 11 filing, company will continue near term online commerce push

CFO Magazine, July 13, 2020 – By Matthew Heller Muji Files Chapter 11, Plans Online Focus The Japanese retailer’s U.S. stores are in prime locations, leaving it struggling to make enough money to overcome expensive leases. The U.S. arm of Japanese home-goods retailer Muji has filed for bankruptcy after struggling to generate enough business to […]

Mackinac Partners Welcomes Senior Turnaround and Restructuring Executive Kam Miramadi

Bloomfield Hills, MI – Mackinac Partners, a leading financial advisory, restructuring and operational turnaround firm, is pleased to announce the addition of accomplished turnaround and restructuring executive Kam Miramadi to the firm. Miramadi, based in Southern California, joins the firm as a Managing Director in the Los Angeles office. Kam has over 27 years of […]

Mackinac Partners and Piper Sandler Companies help facilitate the sale of Boston Market to Engage Brands, LLC

Boston Market announced today that it has been acquired by Engage Brands, LLC, one of the Rohan Group of Companies owned by successful real estate investor and restaurant operator, Jignesh (Jay) Pandya. The transaction was a result of a successful out-of-court restructuring despite the challenges posed by COVID-19. Boston Market was assisted by Mackinac Partners, […]

Mackinac Partners Senior Managing Director Melissa S. Kibler Becomes the First Non-Attorney to Serve as President of the American College of Bankruptcy at a Critical Juncture in the Restructuring Industry

Bloomfield Hills, MI – April 9, 2020 – Mackinac Partners Senior Managing Director Melissa S. Kibler was elected to serve a two-year term as President of the American College of Bankruptcy (the “College”) at a meeting of the board of directors in March 2020. Kibler, who heads restructuring for Mackinac Partners’ Chicago office, previously served […]

“Managing Restaurants and Retail through the Coronavirus”: a TMA webinar featuring Mackinac Partners Senior Managing Director Nishant Machado and top industry panelists

TMA Southern California hosted a timely webinar today on Managing Restaurants and Retail through the Coronavirus, featuring Mackinac Partners Senior Managing Director Nishant Machado; Gibson, Dunn & Crutcher Partner Jeffrey Krause; Paladin Management Group Partner Jennifer Mercer; and Piper Sandler Managing Director Teri Stratton as industry panelists. The webinar covers key restaurant and retail industry […]

Restaurant Rescue Action Items for COVID-19 – Article by Mackinac Partners Senior Managing Director Nishant Machado and Alston & Bird LLP Partner Jordan Myers

Restaurant Rescue Action Items for COVID-19 There are some ways to save the business. QSR MAGAZINE, OUTSIDE INSIGHTS | MARCH 2020 | JORDAN MYERS AND NISHANT MACHADO If in a franchised system, operators should reach out to their franchisors to discuss royalty and advertising fee abatement options, as well as rescheduling capital expenditure requirements. Faced with the prospect of $225 […]

Mackinac Partners Senior Managing Director Nishant Machado Discusses Opportunity Creation and Growth at Dividend Restaurant Group with Nation’s Restaurant News

Nation’s Restaurant News |Ron Ruggless | Nov 19, 2019 Macaroni Grill CEO homes in on creating opportunities Nishant Machado reflects on company a year after Sullivan’s acquisition Mac Parent LLC, the owner of Romano’s Macaroni Grill, has worked the past year to digest the acquisition of Sullivan’s Steakhouse and to create a company that offers team development […]

Mackinac Partners Matt Beresh and Nathan Klepacki on the challenges of Vacation Ownership M&A in the latest edition of ARDA Developments Magazine

Why Vacation Ownership M&A is More Difficult By Matt Beresh, Senior Managing Director and Nathan Klepacki, Director – Mackinac Partners ARDA Developments Magazine, October 1, 2019 Acquisitions are never easy. Whether you are an automobile manufacturer acquiring a supplier, a retail chain acquiring a competitor, or a casual dining restaurant brand acquiring a fine dining […]