Deals
Salt Bae Steakhouse Among Restaurants Set for London IPO
- New restaurant unit may sell bonds, IPO in London next year
- D.ream operates outlets including Zuma, Coya and Salt Bae
Chef Nusret Gökçe, known as Salt Bae
Photographer: Jerritt Clark/Getty Images North AmericaThis article is for subscribers only.
Turkish billionaire Ferit Sahenk is considering spinning off part of his restaurant business for a potential initial public offering, according to people with knowledge of the matter.
Sahenk’s investment firm Dogus Holding AS is working with advisers to carve out some of the restaurants under Dogus Restaurant Entertainment & Management into a separate unit, said the people, asking not to be identified because the talks are private. The spin-off will contain the franchise of Japanese restaurant Zuma and the Nusr-Et steakhouse, popularly known by its founder chef’s meme Salt Bae, among others, the people said.