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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