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Temasek Stake Values "Salt Bae" Turkish Restaurant Owner At $1.2bn

Published on Apr 10 2018 2:03 PM in Restaurant tagged: D.ream / Nusr-Et / Salt Bae / Temasek / Metric Capital / Nusret Gokce

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.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition. 

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