Oaktree-Backed UK Hospitality Group RedCat Seeks Fresh Funding

RedCat, the British hospitality group started by former Greene King Plc boss Rooney Anand, is exploring options including bringing in fresh investment to fund expansion, people with knowledge of the matter said.

London-based RedCat, which is backed by Oaktree Capital Management, is working with Rothschild & Co. to gauge interest from potential investors, the people said. A deal could value the group as several hundred million pounds, according to the people, who asked not to be identified because the information is private.