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.
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