Photo-Me International, the photo booth company, has received an approach from a Bahraini investment company.

The approach is understood to have taken place several weeks ago and came from Arcapita.

JP Morgan Cazenove, Photo-Me’s advisor and corporate broker, is understood to be evaluating the discussions and possibly sound out other interest from private-equity companies.

Photo-Me has a 60 per cent stake in UK firm Deith and operates in 15 countries, including the UK, France and Japan.