Law firm Howard Kennedy has advised Tasty plc on a share placing that has raised GBP9 million.
The proceeds from the fundraising, which completed on 9 November, will be used to support the continued expansion of its restaurant brands.
Tasty operates in the casual dining market under the dim-t and Wildwood brands. It currently has seven dim-t and 50 Wildwood and Wildwood Kitchen restaurants across the UK, with a further four under construction.
Tasty plans to have 62 restaurants by the end of 2016 and to open a further 15 by the end of 2017.
The Howard Kennedy team was led by capital markets associate Matthew Astbury, who says: “Tasty plc operates lively and exciting restaurant brands, that are loved by its customers the country over. It has significant expansion plans for 2017 and this fund raising will support that.”
