Rosa's Thai to expand following £1.8m funding
The restaurant chain announced that it will be opening of three new sites across central London in 2016, following a £1.8 million funding deal with Santander Corporate & Commercial.
The funding, which includes a £800,000 Growth Capital Loan, will enable the opening of a further three sites across central London, beginning in April in Victoria, then potentially Shoreditch and Brixton.
Alex Moore, Owner and Managing Director, Rosa’s Thai Cafe, said: “The success of Rosa’s remains Saiphin’s traditional cooking: we still offer many of her original dishes. We’re really pleased to have partnered with Santander’s Growth Capital team to help us accelerate the growth of our business without the need to dilute ourselves or our existing shareholders. This is a great opportunity for us to take Rosa’s to its next level.”
Lee Alderson, Director – Growth Capital, Santander Corporate & Commercial, added: “The aspiration of the management team is to accelerate the rollout of this authentic Thai food concept. The committed funding provided by Santander under its Breakthrough programme facilitates this. We look forward to working with the management team in this next exciting phase.”
