An alternative investment fund manager in Portland helped rescuea Seattle-area barbershop after it filed for bankruptcy in earlyApril in connection with the coronavirus pandemic
The co-founders of Rudy's Barbershop, which opened its firststorefront in Seattle in 1993, reached out to Sortis Holdings whentwo equity firms focused on distressed assets were trying to snapup the barbershop in bankruptcy proceedings.
The co-founders worked with Sortis executives to pay about $2.5million for the barbershop and avoid the involvement of thedistressed equity firms.
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Jane Wester
Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.
