Temasek Stake Values "Salt Bae" Turkish Restaurant Owner At $1.2bn
Singapore's Temasek and Britain's Metric Capital have bought into Nusr-Et steakhouse owner D.ream in a deal valuing the Turkish firm at $1.2 billion.
Nusr-Et was made famous by butcher-turned-social media star Nusret Gokce, who went viral under the nickname "Salt Bae" in 2017 after posting videos of himself salting meat.
Salt Bae's distinctive cobra-like manoeuvre earned Gokce more than 12 million Instagram followers and has helped launch Nusr-Et restaurants in the Middle East, New York and Miami.
Dogus Restaurant Entertainment and Management (D.ream), which has a presence in 170 locations in 12 countries, said on Monday (April 9) that state-owned Temasek Holding and Metric Capital had paid $200 million for a 17% holding.