TDM Growth Partners (Core Fund Manager) feature two high conviction stocks, Rokt and Guzman y Gomez, which they believe will generate strong returns for HM1.
Rokt
Rokt is the global leader in ecommerce technology, enabling companies to drive incremental value from every transaction by offering highly relevant messages at the moment customers are most likely to convert. Rokt's machine learning technology powers more than 2 billion global transactions annually for more than 2,500 of the world's leading companies, including Uber, Domino’s, Live Nation, AMC Theatres, PayPal, Hulu, Staples, Wayfair, GoDaddy and HelloFresh.Rokt was founded in Sydney, Australia in 2012 and is now headquartered in New York City. Rokt has c.500 employees across New York, Sydney, Seattle, Auckland, Tokyo, Singapore and London. Rokt is led by Co-Founder and CEO, Bruce Buchanan, who was previously the CEO of Jetstar. As CEO of Jetstar, Bruce built one of the largest low-cost airlines in Asia-Pacific with over A$3 billion revenue. Rokt has raised over US$500M in primary and secondary capital from leading investment firms globally including TDM Growth Partners, Square Peg, Tiger Global, Wellington and Whale Rock. The last round valuation (December 2022) was US$2.4bn.
Guzman Y Gomez
Guzman Y Gomez (GYG) is Australia’s fastest growing quick-service restaurant business with a vision of becoming the best restaurant company in the world. GYG currently operates 180 locations across Australia, Japan, Singapore, and the United States, with plans to open over 40 new locations a year for the foreseeable future with a clear path to at least 1,000 stores.GYG is driven by a passion and energy for re-inventing fast food. GYG serves clean, authentic, fresh, made-to-order Mexican food with no added preservatives or artificial flavours. It’s food is prepared daily in store from fresh produce, and when combined with GYG’s bespoke sticker system and dual linear kitchen, delivers a burrito every two seconds, resulting in over 27 million burritos and burrito bowls sold in 2022. GYG’s menu caters for all day parts - breakfast, lunch, dinner, and late night - and guests can order dine in, takeaway, drive thru, delivery, and via their app and website.The brand is led by CEO and Founder Steven Marks, and employs over 7,000 employees. Institutional shareholders include TDM Growth Partners, Aware Super, Athletic Ventures and Point King Capital. The last round valuation (September 2022) was $1.5bn.
“As a core manager, we take our job very seriously. The change in mandate of HM1 to invest in late stage private companies is a positive move in our view. It allows us to put forward our highest convictions ideas - two companies that dominate the TDM portfolio and where I sit on the board as the major shareholder. We always struggled that we were unable invest in our largest positions, and this has now been resolved. We are very excited about the Rokt and GYG businesses and believe they will produce strong returns for HM1 over the medium to long term.” - Tom Cowan, TDM Growth Partners
Disclaimer: This material has been prepared by TDM Growth Partners published on 11 April 2023. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.
