Hawksmoor valued at £100m as it explores sale options

Hawksmoor is reportedly exploring funding options which could see the restaurant chain valued at around £100m.

Investment bank Stephens has been hired to run the process for the business which is currently seeking opportunities to expand outside the UK.

Private equity firm Graphite Capital has owned a stake in the business since 2013, which currently stands at 51%.

According to the FT, Hawksmoor chief executive and co-founder Will Beckett and fellow co-founder Huw Got will retain their minority stake and continue to run the business.

Both are part of a five-person executive board which they created together in 2012 as a long-term commitment to deliver the Hawksmoor vision.

Beckett said: “We’ve got a great relationship with Graphite, and together we are getting to know the US investment community in more depth. As that continues, an opportunity may emerge that we wish to explore together.”

Last week, Hawksmoor opened the doors on its second US site in Chicago, following the opening of its debut US site in New York City’s Flatiron district in 2021.

Gott and Beckett first founded the steakhouse chain in London in 2006. The brand operates 13 sites in London, Manchester, Liverpool, New York City, Dublin and Chicago.