Thursday, January 04, 2007

Turnaround experts engineer a roadside rescue for Little Chef

The Guardian

By Simon Bowers and Julia Kollewe

Little Chef, the breakfast fry-up specialist, has secured a rescue deal that will save most of the struggling roadside restaurant chain's 231 sites.
Its rescuer is RCapital, a small private equity group which specialises in turning around the fortunes of businesses in crisis. The group has paid an undisclosed sum, thought to be about £10m, to take about 195 Little Chefs out of the hands of its administrator, PricewaterhouseCoopers, which was formally appointed yesterday.


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