Rosa’s Thai, Pho and Mowgli brought together under Arcturus Group

Investment firm Trispan has brought together Pho, Rosa’s Thai and Mowgli under a new holding group called Arcturus Group.

The company becomes the UK’s largest multi-site casual dining operator in the Asian restaurant segment.

Each brand will continue to operate independently, with existing CEOs Sarah Hills (Rosa’s Thai), Patrick Marrinan (Pho) and Nisha Katona (Mowgli) remaining at the helm of each business.

Each of the companies’ original founders will also remain involved, ensuring brand identities and direction are maintained.

Arcturus Group will be led by experienced hospitality leaders Jason Cotta as CEO, Matt Crumpler as CFO.

The group plans to open 20 new restaurants across the three brands throughout 2025, having already opened five since the start of the year.

Fady Michel Abouchalache, founding partner and chair of TriSpan, said: “The combination of these three great brands under one group consolidates TriSpan’s presence in the restaurant private equity space and demonstrates our Rising Stars team’s ability to add value to its investors, partners and the leading businesses that we invest in.”

Jason Cotta, CEO of Arcturus Group, added: “This is a fantastic opportunity to bring three leading restaurant brands together under one group, accelerating growth and bringing truly outstanding food to more people, both in the UK and overseas.

“We are entirely committed to ensuring each brand retains its individual charm and character, but are excited to leverage the larger group to create new opportunities for growth. Matt, the TriSpan team and I will be bringing our collective industry experience to the table, working together with each brand to take them to the next level in terms of great food, hospitality, growth and profitability.”