Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Private equity payday for Mowgli Street Food boss Nisha Katona

by January 31, 2023
January 31, 2023
Private equity payday for Mowgli Street Food boss Nisha Katona

A former barrister who became a television chef and restaurateur has cooked up a multimillion-pound fortune with the sale of a stake in Mowgli Street Food, her Indian casual dining chain, to private equity.

Nisha Katona, 51, founder and chief executive of Mowgli, is selling a significant stake to TriSpan with debt finance from OakNorth Bank in a deal believed to value the firm at £25 million to £30 million. Foresight Group is selling its 24 per cent stake.

Katona opened her first Mowgli in Liverpool in 2014 and has since expanded to 15 sites in cities including London, Birmingham and Manchester. She realised while she was running cookery classes that there would be strong demand for authentic Indian cooking. She also pioneered the use of social media to build interest among potential customers and extended the chain’s exposure as a celebrity chef, appearing on MasterChef, Cooking with the Stars and The Great British Menu. The Mowgli Trust has raised £1.2 million for local and global charities.

The group has confirmed plans to open in Brighton, Bristol and Edinburgh this year and is “reviewing other expansion opportunities”.

TriSpan’s other restaurant investments include the Rosa’s Thai group, Pho and Thunderbird Fried Chicken. Its operating partners include Robin Rowland, former chief of Yo! Sushi, who will become chairman of Mowgli.

Katona will continue to lead Mowgli as chief executive; Matthew Peck and Lucy Worth, chief financial officer and chief operating officer, respectively, will continue in their present roles.

TriSpan typically invests in firms with revenues of up to $100 million and underlying earnings up to $20 million.

Read more:
Private equity payday for Mowgli Street Food boss Nisha Katona

0
FacebookTwitterGoogle +Pinterest
previous post
EU plans to loosen state aid rules to boost renewables investment
next post
The growth of the smartphone apps business and future predictions

You may also like

UK ditches company working time rules in further...

November 8, 2023

Rishi Sunak starts charm offensive with big business...

April 24, 2023

Chinese EV battery maker in talks to invest...

March 25, 2024

Labour’s benefit cuts could cost UK economy billions,...

April 29, 2025

Current economic climate is worse than during the...

September 21, 2022

Getting To Know You: Dr. Vidal J Bharath,...

February 16, 2023

Tamaz Somkhishvili: One Man’s Path to Success

September 30, 2024

UK economy risks collapse without urgent investment in...

February 6, 2023

Abramovich faces fresh calls for HMRC probe over...

January 31, 2025

The future of collaborative technologies 

November 3, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved