The Bennigan's and Steak & Ale chains, whose parent company filed for Chapter 7 bankruptcy protection, are getting a new owner.

Atalaya Capital Management today announced it's buying the brands, their trademarks and equity for an undisclosed price.

The acquired assets include Bennigan's Franchising, which was formed by surviving franchisees after the company filed for bankruptcy.

Atalaya says a bankruptcy judge in the Eastern District of Texas has approved the deal, which is expected to close by Oct. 31.

The parent company of both the Bennigan's and Steak & Ale brands, S&A Restaurant, filed for bankruptcy protection in July under pressure to repay its debts.

S&A was owned by Plano-based Metromedia Restaurant Group. -- Also, another Metromedia subsidiary -- Metromedia Steakhouses -- filed for Chapter 11 bankruptcy protection today in a Delaware court. Metromedia Steakhouses owns the Ponderosa and Bonanza Steakhouse chains.