Luke Johnson, whose Risk Capital Partners (RCP) private equity vehicle bought an 80% stake in Patisserie Valerie for £6m this week, hopes over the next few years to try to take on bigger restaurant businesses worth £50m-£100m. But the entrepreneur, who also has a stake in Giraffe and in the past invested in Signature Restaurants and My Kinda Town, prefers to stay in the mid market. He told The Financial Times it was easier to grow a format than to build a small number of one-off places and find somewhere in the UK with demand for those high-end restaurants outside London. Johnson plans to chair Patisserie Valerie, which has 10 sites in London, and wants to expand the group outside the capital and open 20 or more within the next two to three years. Johnson believes it will be easier to negotiate to get new sties for his companies as the retail sector continues to struggle. Financial Times 23/09/06 page 18