British celebrity chef Jamie Oliver has reportedly hired bankers to help sell a stake in his publishing business.
The Naked Chef, as he is known, has authored more than a dozen cookbooks and starred in even more television series. Oliver could potentially raise more than $75 million if he sells a minority stake in his publishing division, claim reports. The Telegraph UK has the scoop:
A spokesman for Jamie Oliver Group told Sky News: “Like any well run private company, we regularly review our funding policy and requirements.
“All options, including bringing on board an external investor, are considered in order to position the group to take best advantage of the clear market opportunities that lie ahead.”
Mr Oliver has hired US investment bank Raine to oversee the sale, which would not include the restaurant business and its Jamie’s Italian chain of more than 30 sites.