AIM listing likely for La Tasca chain

10 February 2005 by
AIM listing likely for La Tasca chain

Investors at Spanish tapas chain La Tasca are considering listing the company on the Alternative Investment Market (AIM) to get a return on their money.

Penta Capital, which has been the chain's backer since September 2001, feels an AIM listing represents the company's best exit strategy, particularly as other restaurant groups have performed well on the stock market recently.

Parent company The Restaurant People, which owns the 47 La Tasca restaurants and two La Viñas, would have a market capitalisation of about £50m.

Money from the deal would be used to pay off the company's £15m of debt, while the ambitious expansion plans would be funded by cash generated from the business.

Chief executive James Horler, who together with his management team has a 20% share in the business, hopes to expand La Tasca to 150 units over the next few years.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking