Permira to complete exit from Japan's Sushiro with 2.9x return
Permira will realize a gross multiple of 2.9x on its investment in Sushiro Global Holdings – the sushi restaurant chain it took public in Tokyo earlier this year – having agreed to sell its remaining stake to the parent company of Genki Sushi.
Shinmei, which is also one of Japan’s largest rice wholesalers, will acquire 9.49 million shares in Sushiro for JPY4,000 apiece, generating proceeds of around JPY38 billion ($337 million) for Permira....
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