The bank at the heart of Project Jalapeno was not Barrenjoey
The founder of Guzman y Gomez, Steven Marks, had been working with one Wall Street giant for years to get the Mexican chain’s $3 billion float off the ground.
When it comes to Guzman y Gomez, one investment bank has shouldered its way into centre frame. Barrenjoey. It’s on the IPO ticket. It’s a shareholder. Even its biggest names hold separate stakes in the Mexican-themed restaurant chain.
But its another bank that has had a far longer association with Guzman y Gomez, which successfully hit the ASX on Thursday and zoomed to a $3 billion valuation. That’s Morgan Stanley, which could see an opportunity in the business, built by former New York hedge fund trader Steven Marks, as far back as 2017.
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