The bidder also dismissed Hertz's claims of antitrust concerns as a 'smoke screen' in a statement.
Analysts see the company fetching as much as 8x Ebitda, which would represent a premium over recent sales.
Recap gives the LA firm a control stake in J.Mendel.
Sale to Irving Place represents just under a 4x cash on cash return for the seller.
Investment in Scalina could support consolidation efforts.
Proposed proxy fight has family bickering, plus other companies in play.
AlixPartners' Albert Koch, who helped oversee the automaker's revival, identifies the takeaways from the turnaround.
It's still the properties that 'need to sell' that are available, though the healthy retail names are expected to resume M&A activity once strong assets re-emerge.
Dean Metropoulos plans to capitalize on PBR's trust-funder cred, plus other news from July.
After fending off a hostile bidder for nearly two years, Charlotte Russe finds the ideal buyer in Advent.