Purchase by Breal Capital and Calveton will keep at least 51 of brand’s 87 British outlets open
London-listed Hostmore scraps proposed £177mn deal after American company loses control of key assets
UK’s Hostmore, one of restaurant chain’s biggest franchisees, agrees £177mn reverse takeover in boost for City
A fifth of competitors closed gives themed restaurant a chance to take market share
Theme restaurant chain’s private equity owner Electra lines up final asset disposals
Edward Bramson stepped down from the board in March after shake-up
Move follows campaign by activist investor Edward Bramson
Private equity group to inject £100m into restaurant chain after £225m deal