Gaucho Grill is considering a sale or flotation of the company that could value it at £120m to £130m. The Daily Telegraph. The Times

Phoenix Equity Partners, which owns the 10-strong London-based steak house, has hired the corporate finance boutique Hawkpoint Partners to advise it on a disposal. Gaucho also has one outlet in Amsterdam.

Phoenix is thought to have had approaches from various leisure groups , such as Tragus, the Blackstone-owned restaurant group.