Edison Capital acquires Burrito Picante in all-cash deal
It also announced a two-year expansion plan.
Mexican restaurant Burrito Picante has been acquired by investment firm Edison Capital in all-cash deal for an undisclosed amount.
Founded in 2012, the Mexican food-themed business currently operates two sites: one in Altrincham and one in Sheffield.
Edison Capuital said it plans to expand the chain this year to Manchester, Liverpool, Glasgow, with openings in Edinburgh, Birmingham, London and Leicester in 2025.
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Edison Capital CEO Calum Melville said they plan to manage Burrito Picante through their subsidiary business, MMI Raptor, a specialist provider of contract catering, facilities management, temporary and permanent staffing, vending machines and Food and Beverage (F&B) services across the UK.
MMI Raptor is known for launching a QSR vending machine brand called Pizza Rebel that offers freshly cooked hot pizza.
“We believe there is significant growth potential through franchising to expand the Burrito Picante brand UK wide and internationally through a franchising model,” Melville said.
