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

Synopsis

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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