Temasek, GIC said to mull stake in owner of Salt Bae steakhouse

SINGAPORE (Mar 8): A consortium of three global investors comprising Singapore’s sovereign wealth fund GIC and Singapore investment firm Temasek, as well as London investment firm Metric Capital, are said to be close to buying a minority stake in a restaurant group valued at close to US$1.5 billion ($2 billion).

The target, D.ream Group, is a subsidiary of Dogus Group and owns high-end restaurants including the Nusr-Et Steakhouse – which is fronted by Turkish butcher, chef and internet sensation Nusret Gokce. He is better known for his social media moniker Salt Bae, coined by netizens after a video of his dramatic salting technique went viral in 2017.

Citing two unnamed people familiar with the discussions, the Financial Times say the investment would include about US$200 million of equity, and would also involve London restaurants Coya, Zuma and Roka.

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