Magellan acquires 10% of Guzman y Gomez
Restaurant chain Guzman y Gomez has been advised on a substantial investment by Magellan Financial Group.
Firm: Gilbert + Tobin (Guzman y Gomez).
Deal: Gilbert + Tobin has advised Guzman y Gomez on the acquisition by Magellan Financial Group of a 10 per cent stake in Guzman y Gomez for $86.8 million.
Value: $86.8 million.
Area: Corporate advisory.
Key players: The G+T team was led by partner Hiroshi Narushima, who was supported by lawyer Oliver Yee.
Deal significance: Speaking about the deal, Mr Narushima said: “Guzman y Gomez goes from strength to strength.
“The higher valuations reflect a scorecard of sorts which supports management’s strategy and recent key initiatives for this business, including the clean menu rollout. We look forward to continuing to support Guzman y Gomez for its next phase of growth.”