Yo! Mayfair serves up Yo Sushi for £500m Compressed

Yo! Mayfair serves up Yo Sushi for £500m

Mayfair Partners has sold the Snowfox Group, the owner of Yo! Sushi, to Japanese food service company Zensho Holdings for £495 million ($621 million).

The deal, which is expected to complete in the second half of 2023, will see Zensho acquire Snowfox’s entire portfolio of brands, including Yo! Sushi, Bento, and Taiko.

YoSushi Recent Private Equity Deals UK

Yo! Sushi was founded in 1985 by Alan Yau and is one of the UK’s most popular Japanese restaurant chains. It has over 80 restaurants in the UK, as well as a number of outlets in the US, Europe, and Asia. Bento is a Canadian sushi chain with over 50 restaurants, and Taiko is a Japanese food to-go brand with over 1,000 outlets in the UK.

Zensho is Japan’s largest food service company with over 5,000 restaurants and cafes in Japan and overseas. The company has been looking to expand its international presence and the acquisition of Snowfox will give it a strong foothold in the UK and US markets.

Mayfair Equity Partners acquired Snowfox in 2016 and has invested heavily in the business, helping it to grow its restaurant portfolio and launch new brands. The company has also invested in digital initiatives, such as Yo! Sushi’s online ordering and delivery service.

The sale of Snowfox to Zensho is a significant exit for Mayfair Equity Partners and is a sign of the growing interest in the Japanese food market. The deal is also a boost for Yo! Sushi, which has faced some challenges in recent years, including a decline in footfall at its restaurants.

Zensho has said that it plans to invest in Snowfox’s brands and support its expansion plans. The company has also said that it will maintain Yo! Sushi’s commitment to sustainability and ethical sourcing.

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