Ireland’s leading fast casual burrito chain
Boojum, headquartered in Belfast, Northern Ireland, is the fastest growing and largest burrito restaurant group on the island of Ireland and is also one of the leading fast casual restaurant operations in the country.
The business was founded in 2007 with the opening of its first store in Botanic Avenue in Belfast. Between 2007 and 2015, it grew to five restaurants prior to being acquired in a Management Buy-In (“MBI”) by Renatus, in partnership with David and Andrew Maxwell. Since the acquisition, the business has grown to seventeen locations with restaurants in Dublin, Belfast, Cork, Galway and Limerick. Over the same period employee numbers have grown from 125 to 550.
Renatus supported David and Andrew Maxwell in funding the management buyout of the business from its founding shareholders. It provided the capital, strategic and operational capability necessary to fund the successful expansion of the business from five restaurants to seventeen in the three years post-acquisition.
Renatus’ Directors have been an instrumental sounding board for the Maxwell brothers to bounce ideas off and have had significant input into all of the transformational strategic decisions that have been made as part of Boojum’s continuing growth journey.
Our investor network has been fully utilised to unlock exclusive locations as well as bringing access to specialist expertise, scalability, know-how and infrastructure that have enabled the business to significantly expand its footprint, revenue streams and optimise its operations.
We strengthened the board by sourcing a co-investor with deep expertise in the Retail sector whose experience has been invaluable to Boojum.
Renatus’ in-house team have helped in the formulation and review of many of Boojum’s strategic initiatives as well as local market research.
WHAT OUR PARTNERS SAY
“We were wary talking to private equity partners but the Renatus guys felt like peers and we were comfortable with them from day one. From the outset Renatus have been very supportive through the senior partners input, their help in supporting the team and through the doors their investors have opened.”
David Maxwell, Boojum MD / MBI Partner