Bloomberg News

Duke Street Sells 35% Stake in Itself to France’s Tikehau

June 27, 2013

Duke Street Capital Ltd., owner of Britain’s Wagamama restaurant chain, agreed to sell a stake in itself to a French investment firm after dropping plans to raise a new private-equity fund last year.

Duke Street agreed to sell a 35 percent stake to Paris-based Tikehau Group, the companies said in an e-mailed statement. Financial terms of the transaction weren’t disclosed. Tikehau said it will provide “committed capital” enabling the private equity firm to make new investments.

To contact the reporters on this story: Kiel Porter in London at kporter17@bloomberg.net; Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus