The Little Chef restaurant chain has been sold to the Kuwaiti-owned Kout Food Group.
The news of the deal, reported by the http://www.bbc.co.uk/news/business-23566417" target="_blank" rel="noreferrer">BBC, comes after turnaround specialist RCapital put the company up for sale in April.
RCapital rescued Little Chef from administration six years ago and reduced the number of sites the roadside diner business operated from 200 to 83.
The UK arm of Kout Food Group already runs more than 40 Burger King and KFC outlets in the UK as well as the Maison Blanc brand.
The first branch of Little Chef, recognised nationwide by its "Fat Charlie" logo, opened in Reading in 1958. It had 230 branches at the peak of its success.
The company has tried a number of measures to boost its popularity in recent years, including appointing celebrity chef Heston Blumenthal to the brand in 2009, and launching a takeaway concept in 11 sites called Little Chef Express in 2012.