Spayne Lindsay advises Tortilla on exit options DATE October 2021 TRANSACTION TYPE IPO VALUE £70 million SECTOR RETAIL & LEISURE Transaction Overview Spayne Lindsay is delighted to announce that its client Tortilla Mexican Grill PLC (“Tortilla”) has successfully listed on the London Stock Exchange’s AIM market, valuing the business at approximately £70 million. Tortilla is the largest and most successful Mexican restaurant group in the UK. The Group has 62 sites worldwide, comprising 52 sites in the UK and 10 franchised sites in the Middle East. The brand is synonymous with an energetic, vibrant culture and with providing a great value-for-money proposition. It embraces fast-growing sector trends (including eating out, healthy eating, provenance, ethnic cuisine, delivery) across a variety of locations through a clearly defined multi-channel marketing strategy. Spayne Lindsay was appointed to advise on exit options and worked closely with the company’s shareholders and management to help maximise value and future growth. Richard Morris, CEO of Tortilla, commented: “Spayne Lindsay clearly demonstrated their strong restaurant sector knowledge and relationships and were critical in helping us to determine the optimum exit route. They remained committed throughout the process and were a pleasure to work with. We look forward to continuing our relationship with them as a listed company.” Contact Spayne Lindsay for further information CONTACT US Spayne Lindsay & Co. LLP is a limited liability partnership registered in England and Wales under Partnership No. OC307647 and is regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Spayne Lindsay & Co Limited is a limited company registered in England and Wales under Company No. 09500191. It is an Appointed Representative of Spayne Lindsay & Co LLP and therefore regulated by the Financial Conduct Authority. Registered office address: Devonshire House, 1 Devonshire Street, London W1W 5DR. Legal Information | Privacy Policy. All Rights Reserved - Spayne Lindsay & Co Designed & Created by Graphic Booth