Eat takes its third bite at the market as it is put up for sale

first_img KCS-content SANDWICH shop chain Eat has been put on the market for the third time by its owners.The company, which has 100 stores and is planning to double that in the next two to four years, is expected to fetch more than £100m as interest from private equity groups mounts.The firm is being advised by PricewaterhouseCoopers (PwC) and financial brochures were sent out last week to more than a dozen buy-out houses.Eat was founded in 1996 by former hedge fund manager Niall MacArthur and his wife Faith and has continued to increase its profits throughout the latest recession.Following the lead of rival Pret a Manger, which sold for £350m to Bridgepoint two years ago, Eat was also put on the market. But the timing was wrong, with markets weak after the Lehman Brothers collapse.A second bidding round came earlier this year, although potential buyer Waitrose pulled out of the deal after three months.In the latest sales round, MacArthur has signalled he will retain his 50 per cent stake, while his private equity partner Penta Capital is looking to sell all of its stake. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Sunday 10 October 2010 11:34 pm whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sharecenter_img Eat takes its third bite at the market as it is put up for sale whatsapp Show Comments ▼ Tags: NULLlast_img read more