Private equity fails Eagle Boys

NBC Capital, the Queensland private equity firm, has finally lost its appetite for the fast food industry after making an absolute meal of the Eagle Boys Pizza chain. Directors of the debt ridden and fractured chain called in SV Partners as voluntary administrators on July 14 after nine years under private equity control. The failure of the Eagle Boys chain is reminiscent of Pacific Equity Partners’ attempts to run franchise business models with the Angus & Robertson bookstore chains and t

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