RedCat, the British hospitality group founded by former Greene King CEO Rooney Anand, is exploring options to secure fresh investment for expansion, according to people familiar with the matter. The company, backed by Oaktree Capital, is considering bringing in new capital to fuel its growth plans in the UK hospitality sector.

RedCat's move comes as the hospitality industry continues to recover from pandemic-related disruptions. The group has been positioning itself for expansion, and the potential new funding would provide the necessary capital to accelerate its growth strategy. Sources indicate that RedCat is in discussions with potential investors to assess various options for raising additional capital.

The exploration of fresh funding highlights the competitive dynamics in the UK hospitality market, where consolidation and expansion are key strategies for growth. For Oaktree, which already backs RedCat, bringing in additional investors could help share the financial burden of expansion while potentially opening up new strategic opportunities for the hospitality group.