James Caan eyes Little Chef bid


restaurant_lrgJames Caan’s private equity firm Hamilton Bradshaw is reportedly planning to make an offer for UK restaurant chain Little Chef, which was put up for sale by owner RCapital in April.

The firm is currently conducting due diligence on the business, which it plans to expand into the Middle East, said the Daily Telegraph. Little Chef is currently owned by private equity firm RCapital, which bought it out of the administration for £7m in 2007.

Since buying out the chain in 2007, RCapital has reduced the number of sites to 83 from more than 200 to make the business profitable.

Caan also wants to expand the chain in the UK, possibly retaining its 1,100 jobs, said the report, citing sources close to the businessman. He is not interested in all of the outlets and is open to working with another bidder, it added.

An offer could value the chain at £10m to £15m.

It was previously reported that fast food chains such as KFC, McDonald’s and Costa Coffee had plans to buy the group and rebrand its restaurants.

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