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New Deal


Announced

Completed

Odyssey Private Equity completed the acquisition of Sushi Sushi Group for A$60m.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Australia

Private Equity

Restaurants and Bars

Acquisition

restaurant operator

sushi

Private

restauran chain

Single Bidder

Completed

Friendly

Majority

Synopsis

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Odyssey Private Equity completed the acquisition of Sushi Sushi Group, an Australian fast food business, for A$60m. The deal will see Odyssey take control of Sushi Sushi's national footprint, which started with one sushi store in Box Hill and now includes 130 stores (some franchised and some company owned), four warehouses, distribution centres in Perth, Brisbane and Melbourne, and more than 1300 staff. The company also seeks to sell its products in schools, hospitals, service stations and with wholesale partners. Odyssey was drawn to the wellness pitch – based around Australians' changing eating habits with a heightened focus on nutrition and fresh food, as well as affordability – and the company's management team.

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