Rosa's Thai Café acquired by private equity firm TriSpan
The restaurant group currently has 13 sites with three new openings scheduled this year.
Private equity firm TriSpan, through its Rising Stars restaurant platform, has announced that it has acquired a majority investment in Rosa’s Thai Café.
Rosa’s managing director Gavin Adair will lead the UK-based restaurant group in its next phase of growth. Former YO! CEO and TriSpan European operating partner
Robin Rowland will support as Non-Executive Chairman.
Rosa’s founders Alex and Saiphin Moore will remain involved in the business, focusing on the group’s culture and innovation and driving food quality. Meanwhile, a “significant number” of employees within the group will have their stock options partially realised and will reinvest with TriSpan.
“We set up Rosa’s Thai Cafe to be a progressive, responsive and thoughtful group of restaurants and we’re really proud that has stood us in such good stead. This is an exciting new partnership for the group and since joining last year Gavin has developed excellent strategies to support our future aspirations. Saiphin will remain a constant influence in the kitchens, and I look forward to focusing on maintaining the ethos and fairness that are the foundations of the business,” Rosa’s Thai Café co-founder Alex Moore said in a statement.
“I am delighted that the founders will remain involved with this terrific growth business, and I look forward to partnering with Gavin Adair and the rest of the brilliant management team for the next chapter of Rosa’s Thai Cafe’s growth,” Robin Rowland added.
Since opening its first site in 2008, Rosa’s currently has 13 sites with three new openings scheduled for 2018 at Tower Bridge, Bluewater shopping centre and Kent and Liverpool’s Albert Docks. Terms of the transaction were not disclosed.
