Steak restaurant business Hawksmoor in early stages of being put up on the market, in keeping with City sources
Steak restaurant business Hawksmoor is within the early stages of being put up on the market, in keeping with City sources.
Private equity owner Graphite Capital has appointed investment bank Stephens to launch the method in 2023, a source said.
Hawksmoor shelved plans for a flotation last yr. It had been working with Berenberg Bank.
On the market: The primary Hawksmoor was opened in 2006 in London by founders Will Beckett and Huw Gott
The primary Hawksmoor was opened in 2006 in London by founders Will Beckett and Huw Gott, who’re minority shareholders.
Graphite paid between £35m and £40m in 2013 for a controlling stake within the chain, which has seven restaurants in London in addition to Recent York and Edinburgh branches.
City sources questioned the timing.
Profits at many restaurant businesses are being hit by consumer spending cuts.
D&D London, which owns Quaglino, axed a sale process this yr after failing to search out a buyer.
Hawksmoor declined to comment.