finnCap advises on the sale of Barburrito to The Restaurant Group plc
finnCap Cavendish, the M&A advisory team at finnCap Group plc, is pleased to announce it has advised Barburrito, the 16 site national chain of award winning burrito bars, on its sale to The Restaurant Group plc.
The group says that the deal highlights finnCap’s strength and track record in the restaurant sector and the sale to TRG will enable Barburrito to expand its footprint across the UK and strengthen its offering.
Henry Wells, Head of of Consumer at finnCap Cavendish, comments: “We are delighted to have advised on this deal and to have found an excellent new owner in TRG for our client. There is nervousness about the outlook for the consumer at present, but Morgan and Steve have developed a great business with a strong brand and the deal is testament to this. It has been great working with them, and we look forward to observing the ongoing success of Barburrito as part of TRG.”
Morgan Davies, Founder of Barburrito, comments: “I am very proud of what we have achieved at Barburrito. We have gone from a simple idea to set up a cool restaurant selling freshly made burritos to being a sophisticated and professionally run hospitality business with multiple brands, operating in great locations and with fantastic teams across the UK.
It was really important for me to find a good home for Barburrito, and I am personally delighted that TRG have chosen to take the brand forward now. They are a great operator, who we know well, with the firepower to really grow and develop Barburrito into a leading national brand. This transaction will allow the Barburrito business to move to the next stage of its growth within TRG’s strong brand and site portfolio.”