Tennenbaum, Z Capital Said Near Deal for Sun Capital’s Real Mex

Creditors Tennenbaum Capital Partners LLC and Z Capital Partners LLC are poised to take control of Sun Capital Partners Inc.’s Real Mex Restaurants Inc. as part of a reorganization, said two people with knowledge of the talks.

JPMorgan Chase & Co., a creditor, also will take a stake in the company, said the people, who asked not to be named because the talks are private. Real Mex, purchased by an affiliate of Sun Capital in 2006 for $359 million, operates the El Torito, Acapulco and Chevys Fresh Mex restaurant chains. It may emerge from bankruptcy under new ownership as early as March, the people said.