Piper has taken a significant stake in Turtle Bay, the fast growing Caribbean restaurant group. Turtle Bay is the brainchild of Aj Jaya-Wickrema, who co-founded Las Iguanas, a previous Piper investment. Piper helped Las Iguanas grow from a regional operator of four restaurants into Britain’s market leading Latin American chain, delivering a 6x multiple on
I’m delighted to be working with the Piper team. Their deep-rooted experience and understanding of the sector has meant we have been able to complete this deal in a very tight time frame. For me, this was hugely important in ensuring the deal didn’t distract management from our focus on building Turtle Bay into a successful national brand.