Morgan Stanley PE bids for Wagamama

Morgan Stanley is thought to have offered around £200m for the restaurant chain.

Previous negotiations were put on hold when Lion Capital deemed the second round bids were too low. Among bidders in earlier rounds were Investcorp and India Hospitality Corp.

The private equity firm bought Wagamama for £100m in 2005. Two years later, Lion Capital backed out of an IPO and cancelled an auction process. Lion Capital Partners are currently raising a £1.7bn fund.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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• Topics
• UK / Ireland
• Consumer
• Buyouts
• Morgan Stanley
• Lion Capital
• Secondary buyout