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.
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.