Lawrence Wosskow and Simon Heath are in exclusive talks to buy the remaining 233 Little Chefs from Permira.
Wosskow and Heath, the food court entrepreneurs behind Out of Town, are set to buy the chain for £50m-£55m
Permira had been expected to keep 115 outlets sited next to its Travelodge hotels. The deal is expected to take until autumn to complete.
The Times 09/07/05 page 65 (Commentary), page 66 (Need to know), page 70
The Daily Telegraph 09/07/05 page 31
