TDM partner Tom Cowan, who is joing the GYG board along with Hilton Brett, said his investment firm was impressed by the passion the board and management have for the business as well as their focus on culture.
Backed by Sydney investment company TDM Growth Partners, the Australian fast food franchise Guzman y Gomez has raised $44 million as it plans rapid international expansion and takes on the competitive U.S. market.
Guzman y Gomez founder and CEO Steven Marks said the company’s largest capital raise to date began six months ago with the hunt to find the right partner. He was of the opinion that TDM understands the Australian market. He further stated that TDM understands the company’s brand, its commitment to fresh, quality food and the company’s focus on creating exceptional guest experiences and our investment in using data and technology to drive the business.
Founded in Sydney’s Newtown in 2006, GYG has since grown to almost 120 restaurants in Australia, Singapore and Japan, and is making $200 million a year in sales.
TDM partner Tom Cowan, who is joing the GYG board along with Hilton Brett, said his investment firm was impressed by the passion the board and management have for the business as well as their focus on culture.
The funding will go towards multiplying the number of GYG restaurants in Australia, while at the same time accelerating expansion into such new markets as the US.
