Tapas chain prepares pounds 54m float plan
Friday 11 February 2005
Its management team, headed by James Horler, formerly of the Frankie & Benny's chain, will make about pounds 3m from selling shares but will keep a 6.3 per cent stake.
La Tasca's venture capital backer, Penta Capital, will make about pounds 14.5m. It funded a management buy-in in 2001 and will retain a 23 per cent stake. Mr Horler plans to open 10 outlets a year and to own 150 restaurants.
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