/GYG
Aware Super leads secondary share sale of Guzman y Gomez
The fast food giant now values at $1.5b.
Fast food giant Guzman y Gomez (Holdings) Limited announced finished a secondary share sale, led by Aware Super, one of the largest super funds in Australia, supported by Point King Capital and Athletic Ventures.
The transaction now values GYG at a fully diluted market cap of $1.5b.
Aware Super manages more than $150n on behalf of its 1.1 million members. Aware Super Portfolio Manager for Direct Equities Tim Riordan said a key focus for the fund’s investment process was thoroughly examining the investment landscape for high-quality businesses.
“What stood out for us was GYG’s focus on innovation and passion for speed and quality of food – all of which has enabled the agile leadership team to differentiate the business in Australia and Asia and set bold expansion plans,” Riordan said.
