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Penta to triple money on La Tasca float

Penta Capital, a Scottish-based private equity fund, stands to triple its money on La Tasca, the UK chain of Spanish restaurants planning to raise about £19m (€27.7m) in a share placing on London's Alternative Investment Market.

Penta acquired a majority holding in La Tasca in September 2001 for £12.8m and according to Torquil Macnaughton, a director at Penta, it will make about £26m on La Tasca's flotation.

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