Luke Johnson, investor and Channel 4 chairman, is considering raising his first fund to invest in UK companies in the leisure, consumer and business services sectors. Financial Times
Johnson said yesterday that he and his company, Risk Capital Partners, were examining the costs and interest from investors for a £100m fund.
So far, Risk Capital has focused on investments in which it can use a roll-out, buy-and-build or turnaround strategy to increase the value of a company.
Patisserie Valerie is one example of its strategy. Having bought the chain of upmarket London cafes last September, when it had eight stores, it now has 52, after taking over Druckers Vienna Patisserie – a Midlands-based chain – and new site openings.
Johnson said a decision would be made in the next few months. ’We did have a number of investors and investment placement agents ask us if we were interested in raising a fund, and that inspired us to think about it,’ he said.