Mowgli, the Liverpool-based Indian street food restaurant, which is set to secure private equity investment, has strengthened its management team with appointment of Matthew Peck, formerly of Byron, as its new finance director, MCA understands.
Peck joins the three-strong business, which has a fourth opening lined up for Trinity Leeds, after over three years at Byron, most recently as its head of finance.
He joins Mowgli as it closes in on securing new investment from Foresight Group, the private equity firm.
MCA revealed in February that Foresight was set to invest in the current three-strong concept after it is thought to have beaten off interest in the business from the Business Growth Fund, amongst others.
That deal is believed to be close to completion with a new chairman set to be appointed to the business as part of the new investment. It is thought that Karen Jones, the Café Rouge founder, ex Spirit Pub Company founder and current chair of Food & Fuel and Hawksmoor, has been linked to the role.
MCA revealed in December that Mowgli, which is the brainchild of barrister turned restaurateur and food writer Nisha Katona, had appointed advisers Grant Thornton to review its options with the objective of securing new investment to fund its next stage of growth.
MCA understand that the group, which operates two sites in Liverpool and a unit in Manchester’s Corn Exchange, has experienced a 30% growth in sales since its launch two years ago.
It is thought that the company is also currently exploring locations in Birmingham and central London.
