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

National Insurance Contributions reversal – what can employers...

September 27, 2022

UK Unemployment Rate Rises Amidst Record Pay Growth

August 15, 2023

Good managers talk but great managers listen!

February 5, 2024

Where to buy Telegram members in the UK?

March 9, 2023

British Airways suspends Heathrow short-haul ticket sales

August 2, 2022

Jaguar retires iconic ‘growler’ logo in electric rebrand...

November 20, 2024

Business expert shares top tips SMEs can learn...

July 26, 2023

Calling all solopreneurs: Create your business manifesto and...

September 19, 2024

Restore tourist tax break to boost UK retail,...

July 8, 2024

Just Stop Oil’s demands are ‘contemptible’, says Starmer

August 7, 2023

    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

    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025
    • Who is Anita Dunn? The Biden confidante who clashed with Hunter grilled in House autopen probe

      August 7, 2025
    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025
    • What Should We Learn from China’s Nuclear Construction Costs?

      August 7, 2025
    • Closing the Primary Care Gap

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,182)
    • Politics (16,333)
    • Stocks (3,228)
    • 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