Sandwich chain Eat](http://www.eat.co.uk) is to be put on the market for a third time and is expected to fetch up to £100m.
The company, which was founded by former hedge fund manager Niall MacArthur and his wife Faith in 1996, is likely to attract attention from several private equity firms.
The MacArthurs, who are being advised by Pricewaterhouse Coopers, are thought to want to retain a 50% stake in the business, which has over 100 outlets around the country, but private equity partner [Penta Capital](http://www.pentacapital.com/) wants to sell all of its stake.
Financial details were sent out to around a dozen potential buyers last week.
A sale of Eat has been attempted twice before, first in 2008, but potential deals were hampered by the meltdown in the financial markets. A second bidding round saw supermarket chain Waitrose pull out after three months.
By Neil Gerrard
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