Bulletin

BBQ chain investment wins Deal of the Month

Red's True Barbecue Burger, BBQ chain investment wins Deal of the Month - SantanderCB

The £9m investment secured by restaurant group Red's True Barbecue to continue its national expansion over the next two years has been named Insider's Deal of the Month. The owners of Red's plan to have 20 sites within the next three years and will open four this year after securing an additional £9m facility from Santander and a group of investors. The new investment is a majority debt arrangement with Santander, and also comprises a secondary round of equity investment from a panel of industry leaders. Co-founder James Douglas told Insider: 'We'll open four this year which will take us to ten sites. And we have plans to expand the retail range plus a few new ideas.' Co-founder Scott Munro said the latest cash boost would allow the business to open between eight and ten new restaurants over the next two years. The focus for Douglas and Munro remains on growth and there is no talk of exit just yet.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?