What now for Busaba?

In 2008, Phoenix Equity Partners signed a deal to back restaurant entrepreneur Alan Yau, investing £21.5m in the rollout of the then three-strong Busaba Eathai casual dining chain. Next June will mark the 10th anniversary of that deal and if the company hopes to finally exit the now 15-strong group by then you wonder if it will get anywhere near recouping that initial investment.