The ONE Group Hospitality completed the acquisition of Angelo Gordon-backed Benihana for $365m.

The ONE Group Hospitality, an international restaurant company that develops and operates upscale and polished casual, high-energy restaurants and lounges, completed the acquisition of Angelo Gordon-backed Benihana, an restaurant company offering Japanese cuisine, for $365m. “We are delighted to have completed the acquisition and look forward to this next chapter for our Company. Benihana provides us with additional growth and development opportunities and supports our broader strategy to fortify and diversify our leading portfolio of best-in-class experiential VIBE restaurant concepts. Most importantly, I’d like to welcome our nearly 6,500 new Benihana teammates and our new Board Members, Scott Ross and James Chambers," Emanuel Hilario, The ONE Group President and Chief Executive Officer.