The hospitality firm which owns Wagamama is in talks to purchase a piece of Oakman Group, the pub and restaurant chain.
Business sources mentioned that Oakman and its advisers had been negotiating with different potential bidders a couple of sale of its remaining belongings.
Oakman trades from greater than 30 websites, and has been working with advisers from PricewaterhouseCoopers for a number of weeks on an public sale.
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One insider mentioned TRG was more likely to purchase between one-third and half of Oakman’s websites if the deal was efficiently accomplished.
The client, which is run by former Boots and Coral chief Andy Hornby, would then combine them into its Brunning & Worth pub property, the insider added.
Additional particulars of the potential transaction had been unclear on Monday afternoon, though it’s more likely to be price someplace between £50m and £100m.
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The Oakman sale course of comes amid intensifying strain on the hospitality trade, with current tax rises and jittery shopper confidence triggering recent warnings of job losses and enterprise collapses.
TRG and PwC declined to remark.
