Turns out investors aren't just hungry for hot dogs. Some have a taste for Italian beef.
Last spring, before a private-equity group paid an estimated $1 billion for Chicago-based Portillo's Restaurant Group, Joe Buonavolanto Jr. says investors began cold-calling his company, Berwyn-based Buona, purveyor of Buona Italian beef.
"People were inquiring to see if we were interested in selling or joint-venturing to purchase Portillo's," says Buonavolanto, president of the family-owned restaurant chain.
Source: http://www.chicagobusiness.com
