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Osmond Plans Investment Vehicle to Raise Funds, Telegraph Says

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Jan. 1 (Bloomberg) -- Hugh Osmond, who founded U.K. restaurant chain Pizza Express, plans a successor to his Horizon investment vehicle, the Sunday Telegraph reported, citing unidentified sources close to the British entrepreneur.

Osmond is planning a special purpose acquisition company to raise about 500 million pounds ($777.2 million), the paper said.

Osmond declined to comment, the newspaper said.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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