Rosa's Thai secures £10m funding from Barclays as it eyes expansion

Rosa's Thai has secured £10m funding from Barclays bank as it seeks to bolster its openings pipeline.

It comes after global private equity firm TriSpan acquired a majority stake in the restaurant group in June 2018.

Rosa's Thai, which is led by chief executive Gavin Adair, now operates 33 restaurants across England and Wales.

The business opened its first overseas site in Dubai last October. It has also confirmed UK openings in Oxford, Glasgow, Reading and has scheduled its Leamington Spa launch for this summer.

The £10m bank facility will be used to fund further restaurant openings.

Tsara Taylor, finance director at Rosa's Thai, said: "I'm delighted with the result of our recent refinance, undertaken during what is still a very challenging period for the sector.

"It's great to be able to look ahead with increased confidence for the future and I am very much looking forward to partnering with Barclays as we continue to grow the business."

Neil Parry from Parry Advisory and Alistair Lee from Argyll Debt Advisory jointly advised on the process.

The first Rosa's Thai restaurant was opened in London's Spitalfields in 2008 by chef Saiphin Moore.