Gaucho Grill set to return to the stock market

27 September 2007
Gaucho Grill set to return to the stock market

The Argentinean-style steakhouse chain, which has 10 restaurants in the UK and one in the Netherlands, has hired financial advisers Hawkpoint to review its options.

"Gaucho is looking at a number of strategic options and an IPO (initial public offering) is one of them," a spokeswoman told Reuters today.

The group was taken private by founder Zeev Godik in 2002 after a period of poor trading.

In 2005, Barclays led a £23.5m buyout before last year's Phoenix Equity Partners secondary buyout deal, led by Godik and worth £55m.

Gaucho Grill to launch two new restaurants >>

Gaucho buyout team aims for quality expansion >>

Expansion to follow Barclays-backed MBO at Gaucho Grill >>

Gaucho goes private >>

By Daniel Thomas

E-mail your comments to Daniel Thomas]( Grill set to return to the stock market) here.

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