PThe Valerie Valerie was acquired by the Irish private equity firm Causeway Capital Partners.

The Daily Telegraph Almost all of the remaining 120 branches of Valerie Patisserie are to be rescued, leaving up to 2,000 jobs.

The deal to rescue the battered bakery chain was hit at 3am this morning.

Current CEO Steve Francis remains on board.

Founded in 2015 by a group of entrepreneurs, Causeway Capital specializes in small and medium sized investments. One of its portfolio companies is BB Bakers and Baristas, which operates 65 stores in the UK and Ireland.

It is understood that the locations are not summarized in BB Bakers and Baristas. Patisserie Valerie will continue …