Superannuation giant Aware Super and a syndicate of elite Australian athletes have backed Mexican food chain Guzman y Gomez in a share sale which values the company at $1.5 billion.
Guzman y Gomez founder Steven Marks said the investments were a testament of the group’s recent past performance and plans for the future. “We’re well positioned to build and bring even more [Guzman y Gomez eateries] to life here in Australia and globally,” he said.The investors have not disclosed the value of the secondary share sale, but the investment was led by Aware Super, which has $150 billion worth of Australians’ retirement savings under management.
As of the end of 2021, Guzman y Gomez had 140 outlets across Australia, with plans to grow this figure to 600 over the next 15 years. The business has also taken on an increasingly global focus, with Marks previously telling this masthead he hoped toAware Super says the company fits its investment goals because it offered a growth opportunity for its members for the long term.
Matt de Boer with Ed Cowan. Athletic Ventures has made its third consecutive investment in Guzman y Gomez.“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,” Aware Super’s portfolio manager for direct equities, Tim Riordan said.Point King Capital also participated in the share sale.
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