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Salt Bae Backers Seek a Partner and a $1 Billion Valuation

From bnnbloomberg.ca

The owners of the Nusr-Et steakhouse, known by its founder chef’s meme Salt Bae, are considering selling a stake in the business, according to people with knowledge of the plans. Turkish billionaire Ferit Sahenk, and co-founders Nusret Gokce and Mithat Erdem, may sell a combined stake or an individual holding to one or a group of investors, the people said, asking not to be identified because the talks are private. There’s been strong interest from international investors and a financial adviser is assessing potential bids, they said. The valuation of Nusr-Et as a standalone enterprise could reach $1 billion or more, ... (full story)

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