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Celebrity chef Jamie Oliver hires bank to find restaurant investor - Times

Reuters - UK Focus

LONDON, May 16 (Reuters) - British celebrity chef Jamie Oliver has hired advisers at Royal Bank of Canada (Other OTC: RBKDF - news) to help find private equity investors and funds to purchase a stake in his restaurant business, the Times newspaper said, citing sources close to the situation.

The so-called 'Naked Chef', whose fortune is estimated at around 180 million pounds ($283 million), floated the idea of attracting an outside investor to help expand his network of Italian restaurants late last year.

A spokesperson for Oliver could not immediately be reached for comment.

Oliver owns seven restaurant brands, including Jamie's Italian and Fifteen.

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His restaurant business had revenues of 110 million pounds with core earnings of around 14 million pounds, sources told Reuters in December.

($1 = 0.6361 pounds) (Reporting by Karolin Schaps; Editing by Elaine Hardcastle)