'Salt Bae' restaurant chain close to selling partial stake, 'valued at $1.5bn'

The deal with D.ream Group is valued at $1.5bn
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Salt bae, Nusret, Turkey, D.ream Group, Nusret Gökçe

Turkish restaurateur and social media star Nusret Gökçe, who is better known as 'Salt Bae' to his 11.8 million Instagram followers, is close to selling part of his business to a group of investors backed by Singapore’s sovereign wealth fund, according to local reports.

The National reports that his restaurant chain has been valued at US $1.5 billion. 

According to the Financial Times, a consortium of investors including Singapore’s GIC Private Limited, Singapore-based investment firm Temasek and London-based Metric Capital, which has around $2bn of assets under management, is in advanced talks to purchase a minority stake in D.ream Group, a subsidiary of Turkey’s Doğuş Group.

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The deal with D.ream Group is valued at $1.5bn, according to the FT, which said an agreement could be reached in the next few days. 

Restaurant brands under the D.ream Group include Coya, Zuma and Ruya.

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