As per a British media report, Wagamama, a popular food-chain, which was originated in 1992 is likely to be offered for sale by its private equity owner.

The owner Lion Capital of Wagamama will be selling the Company for about 250 million Stg, as reported by Britain's Sunday Times newspaper. In 2005, the said equity firm took an 88% stake in Wagamama for 102 million Stg. Earlier in 2007 also, Lion Capital wanted to sell the Company, but was prohibited due to the onset of economic depression.

The restaurant-chain has a widespread coverage world-wide, with 66 restaurants in the UK, employing about 2300 people and 39 in other countries and one of them is in New Zealand, as well.

The Company posted increase in its sales by 13% to £101m for the year till April 2009.