14.8 C
London
HomeSector InsightsCommercialTLT advises on the £7million sale of Barburrito to The Restaurant Group

TLT advises on the £7million sale of Barburrito to The Restaurant Group

TLT has advised Barburrito, national chain of award-winning burrito bars, on its £7million sale to The Restaurant Group (TRG), further positioning the firm as a leader in the leisure, food and drink sector. Barburrito opened the UK’s first burrito bar in Manchester’s Piccadilly Gardens in 2005, and now has 16 sites nationally.

TRG is one of the UK’s biggest hospitality businesses with a diverse portfolio of well-known brands, operating approximately 400 restaurants across the country.

The sale was paid for in cash by TRG following a strategic review and process managed by TLT and finnCap Cavendish. The deal involved cross-sector and cross-service expertise and was led by corporate partner Richard Life, supported by Jennifer Murphy (corporate), William Birtwell (leisure and retail), Philip Moran (leisure and retail), Andrew Grethe (leisure and retail), Katie Barclay (employment) and William Ngan (corporate tax).

Morgan Davies, founder of Barburrito commented:

“I am delighted that TRG have chosen to take Barburrito forward. They are a great operator, who we know well, with the firepower to continue to support Barburrito’s growth and development. This transaction will allow the business to move to the next stage of its growth within TRG’s strong brand and site portfolio.  TLT has provided expert guidance throughout this time and it has been a pleasure to work with such a professional and knowledgeable group of people. The collaborative nature of the team has left us feeling in very capable hands throughout the process.”

Richard Life, partner at TLT said:

“It has been a pleasure supporting our long-standing client, Barburrito, on this transaction . This deal reflects positive change for the sector after a period of economic uncertainty over the past few years. We are delighted to have been involved in the growth plans of a national award-winning business as they continue to strengthen their position in the UK.”

latest articles

explore more

28 COMMENTS

  1. Everyone loves what you guys tend to be up too. This kind of clever work and exposure!Keep up the superb works guys I’ve added you guys tomy own blogroll.

  2. Hello there, just became aware of your blog through Google, and found that itis really informative. I’m going to watch out for brussels.I will be grateful if you continue this in future.Numerous people will be benefited from your writing.Cheers!

  3. Oh my goodness! Impressive article dude! Thank you, However I am having issues with your RSS. I donít know why I cannot join it. Is there anybody getting identical RSS issues? Anyone that knows the answer can you kindly respond? Thanx!!

  4. Very great post. I simply stumbled upon your blog and wanted to say that I have really loved surfing around your blog posts. After all I’ll be subscribing on your rss feed and I am hoping you write once more soon!

  5. It’s really a nice and helpful piece of information. I am happy that you just shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.

  6. Whoa! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same layout and design. Outstanding choice of colors!

LEAVE A REPLY

Please enter your comment!
Please enter your name here