Stephenson Harwood advises on Tortilla IPO
Law firm Stephenson Harwood LLP has advised Liberum as nomad and sole broker on the £70 million initial public offering of Tortilla Mexican Grill Plc, on the London Stock Exchange's AIM.
Tortilla is an award winning Mexican restaurant group in the UK, specialising in the sale - both on site and through its delivery channel - of freshly made Californian inspired Mexican cuisine. The company raised gross proceeds of £28 million (approximately £5 million for the company and £23 million for selling shareholders). The net proceeds will be used by Tortilla for working capital purposes and to fund its growth strategy.
The Stephenson Harwood team was led by partner Tom Nicholls, who was supported by associates Victoria Silver and Jack Digby.