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Unquote
  • UK / Ireland

BGF injects further £3.6m into Barburrito

  • Alice Murray
  • Alice Murray
  • 29 May 2014
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The Business Growth Fund (BGF) has invested a further £3.6m in Mexican street food chain Barburrito.

The latest deal also sees former Tragus Group CEO Graham Turner join the company's board as non-executive chairman.

Previous investment
BGF first backed the company in March 2012 with £3.25m of growth capital. Since then, Barburrito has opened three new restaurants in London, and further sites in Leeds and Nottingham.

Barburrito

  • DEAL:

    Expansion

  • VALUE:

    £3.6m

  • LOCATION:

    Manchester

  • SECTOR:

    Restaurants & bars

  • FOUNDED:

    2005

  • TURNOVER:

    £8m

  • STAFF:

    200

Company
Barburrito is a burrito bar, offering Mexican street food. It employs 200 people across the UK and generates sales of £8m.

Barburrito was founded by Morgan Davies and Paul Kilpatrick as a single unit in Manchester in 2005.

People
Morgan Davies is managing director and founder of Barburrito. Graham Turner is now non-executive chairman of Barburrito.

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  • Topics
  • UK / Ireland
  • Expansion
  • Consumer
  • BGF (Business Growth Fund)
  • United Kingdom

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