Street Talk

And the leases? Guzman y Gomez’s IPO docs may give ASIC heartburn

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 5, 2024 – 5.00am

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It’s not just the burritos causing heartburn. Spare a thought for fund managers leafing through the Guzman y Gomez prospectus – and reporting back that the enterprise value to earnings figures couldn’t be more difficult to understand if they were in Spanish.

The Mexican-themed restaurant chain has quickly become the talk of the market after its biggest shareholders – TDM Growth Partners, Aware Super and Barrenjoey Capital Partners – pressed the green light on floating the company.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.