20140701 - Portillos Mug (KG) - nwherald

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Kyle Grillot - kgrillot@shawmedia.com

Buyout firm Berkshire Partners LLC is in advanced talks to acquire Portillo's Restaurant Group, according to people familiar with the matter, as reported by Reuters. Berkshire Partners has outbid other private equity firms for the Chicago-based restaurant group, the sources said on Tuesday. The sources, who asked not be identified because the talks were not public, cautioned that negotiations had not yet been finalized.