The private equity firm that rescued Little Chef from collapse is among the front runners in the race to acquire most of the remaining Patisserie Valerie business from administration.
Rcapital, a turnaround specialist, is one of a small number of suitors vying to buy the 122 cafés that continue to trade after the appointment of KPMG to handle the administration of the chain’s parent company, Patisserie Holdings.
The list of potential buyers is also thought to include Endless, another private equity firm that specialises in acquiring distressed assets. It has so far declined to comment.
