Permira confirmed today it is in exclusive talks to sell the entire 233-restaurant Little Chef roadside chain purchased as part of the £712m (€1.04bn) Travelodge hotels deal three years ago. It is understood the Little Chef sale price will be between £50m and £60m.

Last year, Permira wrote down its investment in both Travelodge and Little Chef by 15% after earnings fell.

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Permira heads for the Little Chef exit

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