London-based investment firm RDCP Group (RDCP) has sold Mexican restaurant chain Chilango to Tortilla Mexican Grill PLC, the UK’s largest fast-casual Mexican restaurant brand.
Established in 2007, Chilango is a Mexican quick service restaurant chain serving up burritos, fiery hotboxes, and spicy salads to its UK customers. RDCP Group acquired Chilango out of administration in August 2020, with the deal led by Sameer Rizvi and Iryna Dubylovska working with Richard Franks leading the business as managing director.
The transaction with Tortilla delivers a 3x return for RDCP in under two years, equating to a 75% IRR.
