RCapital puts Little Chef up for sale


restaurant_lrgLondon-based private equity firm RCapital has put reportedly its restaurant chain Little Chef up for sale.

RCapital has hired KPMG to help find a buyer and it has already received expressions of interest from potential suitors, said Sky News.

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.

The company’s restaurants, most of which have large car parks, should appeal to coffee chain and convenience stores, said Sky.

RCapital said in a statement, “The move was part of a long-term critical rebuild strategy to create consistently profitable sites against the backdrop of one of the worst recessions in living memory.

“With the turnaround successfully completed it’s time to explore the next phase for the food service operator.”

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