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

House price falls expected into new year, Halifax...

October 9, 2023

UK retailers feel the pinch as Tourist Tax...

August 3, 2023

The Power of No: Why, When and How...

May 9, 2025

UK drops out of top ten manufacturing nations...

July 29, 2024

Keter’s Curver Brand Celebrates 75 Years of Bringing...

April 4, 2024

UK expands gas emergency exercise ahead of winter

August 24, 2022

Elon Musk to scale back White House advisory...

April 2, 2025

Asda’s grocery market share slips as Chairman Lord...

August 14, 2024

Stellantis chief quits following fallout over Luton van...

December 2, 2024

Moshe Zuk: Shaping the Future of Smart Investments...

February 26, 2025

    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

    • Maybe Most People Do Not Want Teacher-Led Public School Prayer—But They Do Want Chaplains

      June 27, 2025
    • Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

      June 27, 2025
    • How to Improve your Trading Odds and Increase Opportunities

      June 27, 2025
    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,075)
    • Politics (15,826)
    • Stocks (3,173)
    • 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