PPM Capital has bought Paramount restaurant group from Dawnay Day for £107.5m. Paramount, which includes the Chez Gerard chain, has 77 restaurants in the UK. It also operates under the Livebait and Cafe Fish brands. Dawnay Day and North Atlantic Value bought Chez Gerard in April 2003 and last year took over 54 Caffe Uno restaurants. The Times 30/09/06 page 54 (Need to know), page 56 The Daily Telegraph 30/09/06 page 30