GYG eyes IPO in 2025 as it gets a $134.5m capital boost
The group now has a valuation of $1.725b
Australian fast-food Mexican chain Guzman y Gomez is reviewing the possibility of an IPO in the next 12 months as it completed a capital boost of $134.5m from existing and new investors, subject to shareholder approval.
The liquidity round raises GYG’s valuation to $1.725b on a fully diluted basis.
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The liquidity round welcomed new investors Cooper Investors, Hyperion Asset Management, Firetrail Investments and QVG Capital to the GYG register. Existing investors including Athletic Ventures, Aware Super and TDM Growth Partners took the opportunity to add to their shareholding.
According to GYG, the capital injection will be used for the group’s three-year growth strategy of expanding in Australia and overseas as laid out in its H1 2024 results.
The group said it is targeting 30 to 40 restaurant openings per annum over the long term.
