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Private-equity firm's buyout of Calif. cafes breaks new ground.

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      The article reports that a recapitalization of the Marmalade Cafe and Catering Co. in Santa Monica, California through a buyout by Dallas, Texas-based Parallel Investment Partners has prompted financial analysts to wonder whether small chains could be the next takeover targets of private equity investors. Meanwhile, Marmalade plans to open two restaurants in 2007.