The Big Four are set to face stiff competition in a bid to win a plum advisory job at sandwich chain Eat.
The company, which has 85 outlets, will be holding a beauty parade of corporate advisers next month to prepare for a sale which could value it up to £150m, the Independent on Sunday reported.
The firms will be up against City big hitters including Advent International and Morgan Stanley Private Equity.
Eat, owned by Niall and Faith MacArthur in conjunction with Penta Capital, is mulling the sale after rival company Pret A Manger fetched £345m.
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