Permira Inks $1B Deal To Take Japanese Sushi Chain Global

Law360, New York (August 24, 2012, 12:21 PM EDT) -- A unit of London-based private equity firm Permira has agreed to fork over $1 billion for Japanese sushi chain Akindo Sushiro Co. Ltd., the buyer said Friday, marking Japan's second-biggest private equity deal this year.

The big-ticket buy includes a cash payment and the assumption of Sushiro's debt, Permira said. After the proposed transaction closes, Permira will fold into its portfolio the 335-location restaurant company, which specializes in lower-cost dining and over the past few years has become one of Japan's leading sushi chains by revenue....
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