Bain serves up Skylark in Tokyo IPO
When Bain Capital bought Skylark in 2011, the restaurant operator was going through one the rougher patches of its 40-year history. A dysentery outbreak had forced the closure of 120 outlets, further delaying a transaction that had already been on hold for several months as a result of the Fukushima earthquake.
Despite the drawbacks, Bain - which already had exposure to the sector through Dominos Japan - remained keen on the business and confident it could unlock more value. It eventually bought a 100% stake...
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