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Guzman y Gomez tried its luck with PE before launching $2.2b float

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Mexican-themed restaurant chain Guzman y Gomez tried to sell itself to New York-headquartered buyout giant Blackstone before deciding to proceed with a $2.2 billion float that bankers hope will defrost the IPO market and put listings back on the menu.

Guzman y Gomez co-founder and co-CEO, Steven Marks is finally listing the Mexican food chain on the ASX. Richard Walker/RDW Photography

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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. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/guzman-y-gomez-tried-its-luck-with-pe-before-launching-2-2b-float-20240603-p5jisu