New Guzman y Gomez investor QVG on why it bought in at $1.7b
The Mexican fast food chain is inching closer to IPO as new investors back its ambitious vision.
One of the new institutional investors in Guzman y Gomez has declared that the Mexican fast food chain could become one of the ASX's best performers after tipping funds into a liquidity round that valued the IPO hopeful at over $1.7 billion.
“I wouldn’t describe it as cheap,” QVG Capital co-founder and portfolio manager Chris Prunty told Capital Brief. “But I think this has the potential to be one of the two to three percent of really great listed companies that deliver almost all the returns on the stock market.”
The Australian-owned Mexican fast-food franchise closed its latest liquidity round on Tuesday, adding Hyperion Asset Management, Cooper Investors, Firetrail Investments and QVG Capital to the register.
Significantly, it did so at a $1.725 billion valuation, higher than the $1.6 billion it last tapped investors at in 2022, and up significantly on the $1.3 billion Aware Super got in for in September of that year.
