RETAIL & LEISURE
Spayne Lindsay is delighted to announce that its client Tortilla Mexican Grill PLC (“Tortilla”) has successfully listed on the London Stock Exchange’s AIM market, valuing the business at approximately £70 million.
Tortilla is the largest and most successful Mexican restaurant group in the UK. The Group has 62 sites worldwide, comprising 52 sites in the UK and 10 franchised sites in the Middle East.
The brand is synonymous with an energetic, vibrant culture and with providing a great value-for-money proposition. It embraces fast-growing sector trends (including eating out, healthy eating, provenance, ethnic cuisine, delivery) across a variety of locations through a clearly defined multi-channel marketing strategy.
Spayne Lindsay was appointed to advise on exit options and worked closely with the company’s shareholders and management to help maximise value and future growth.
Richard Morris, CEO of Tortilla, commented:
“Spayne Lindsay clearly demonstrated their strong restaurant sector knowledge and relationships and were critical in helping us to determine the optimum exit route. They remained committed throughout the process and were a pleasure to work with. We look forward to continuing our relationship with them as a listed company.”