Chanticleer
Guzman y Gomez’s $2.2b float is a small-target bet on growth
Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
In many ways, Mexican fast-food chain Guzman y Gomez is an unlikely candidate to bust open the IPO window, which has been largely shut for two years.
It’s just 12 months since CEO and co-founder Steven Marks announced his departure, and then unannounced it a short time later. It’s less than nine months since private equity firm TDM Growth Partners appointed its former partner, Hilton Brett, as co-chief executive. And it’s about seven months since the settlement of an acrimonious legal case in the United States.
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