Duke Street is planning to acquire Wagamama from U.K. leveraged buyout investments-focused private equity firm, Lion Capital, The Wall Street Journal reports. The European private equity firm will pay about £215 million for the acquisition.
The auction, run by Rothschild, attracted three other bidders in its final stages, which were Investcorp, Morgan Stanley and India Hospitality. Lion Capital bought Wagamama for £103 million in June 2005 from Graphite Capital, which retains a 12% stake in the London-based noodle chain.
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