The Restaurant Group plc (LSE:RTN) acquired Barburrito Limited from its existing shareholders Abbeyway Commercial (3) Limited, Morgan Davies, Stephen Herring and Graham Turner & Neil Lidguard for £7 million on July 12, 2022. Under the terms of agreement, the total consideration of £7 million will be paid entirely in cash by TRG. The transaction has been done on a debt-free and cash-free basis. Barburrito will be integrated into TRG's Leisure & Concessions division, with the key operational team from Barburrito retained. The Leisure & Concessions team is very familiar with the business having operated two sites previously as franchises in UK airports. The acquisition is representing a next 12 months ("NTM") run-rate EBITDA multiple of 4.4x

The Restaurant Group plc (LSE:RTN) completed the acquisition of Barburrito Limited from its existing shareholders Abbeyway Commercial (3) Limited, Morgan Davies, Stephen Herring and Graham Turner & Neil Lidguard on July 12, 2022. Henry Wells and Mark Stoddart of Cavendish Corporate Finance LLP acted as financial advisor to Barburrito Limited.