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Calculus Capital backs restaurant chain Benito’s Hat

9 May 2013

restaurant_lrgPrivate equity firm Calculus Capital has invested £1.4m in London-based Mexican restaurant chain Benito’s Hat.

The funds will fund the chain’s planned expansion from the current four sites in central London.

Benito’s Hat was launched in 2008 and named after former Mexican President Benito Juarez.

Investment director of Caluclus Rick Jones said, “We are delighted to be backing this fantastic business whose founders have created a restaurant brand centred on high-quality and authenticity, at an affordable price point.

“We are confident that demand will continue to increase in this sector and with the strengthened team and our investment, Benito’s Hat will be able reach out to new customers through new openings across London and the UK.”

London-headquartered Calculus invests in UK-based businesses with annual sales of up to £50m that are EBITDA positive or have a “clear route” to generating positive EBITDA.

The firm is focused on the energy, industrial, support services, leisure, catering and transportation sectors.

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