FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Private Equity

Gaucho owner holds out for better offers

Valuation stalemate comes amid pressures in the casual dining sector

By

Sebastian McCarthy

and

Edin Imsirovic
Gaucho opened its first Argentinian restaurant in London in 1994, and has been through several rounds of private equity ownership.
Gaucho opened its first Argentinian restaurant in London in 1994, and has been through several rounds of private equity ownership. Photo: AFP/Getty Images

The owner of Argentinian-themed steak chain Gaucho is holding out for better offers after taking interest from private equity firms about selling the group.

In a sign of the current stalemate over market valuations, Investec and SC Lowy have not found a buyer willing to meet their price for Rare Restaurants, which owns brands Gaucho and M.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade