M&A Deal Summary

Permira Acquires Food & Life Companies

On September 1, 2012, private equity firm Permira acquired restaurant Food & Life Companies from Unison Capital for 1.0B USD

Acquisition Highlights
  • This is Permira’s 3rd transaction in the Restaurants sector.
  • This is Permira’s 34th largest (disclosed) transaction.
  • This is Permira’s 2nd transaction in Japan.
Investment Fate
  • Food & Life Companies went public in 2017.

M&A Deal Summary

Date 2012-09-01
Target Food & Life Companies
Sector Restaurants
Buyer(s) Permira
Sellers(s) Unison Capital
Deal Type Secondary Buyout
Deal Value 1.0B USD

Target

Food & Life Companies

Suita, Japan
website
Food & Life Companies operates sushi restaurants in Japan and greater Asia. It was positioned in the value format revolving sushi segment (in which the product moves on a conveyor belt). The company operated more than 450 sushi restaurants in Japan and 7 in Korea. The restaurants were typically located in suburban areas and served over 130 million customers each year.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 78 of 156
Sector (Restaurants) 3 of 4
Type (Secondary Buyout) 12 of 41
Country (Japan) 2 of 2
Year (2012) 4 of 6
Size (of disclosed) 34 of 60
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-06 Tesch Inkasso

Wiehl, Germany

Tesch Inkasso is a German midcap firm active in the field of debt collection services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 WeddingWire

Bethesda, Maryland, United States

WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

Buy -

Seller(S) 1

SELLER

Unison Capital

Tokyo, Japan

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unison Capital is a private equity investment firm focused on control investments in mid-cap companies operating in Japan, Korea, and Singapore. Target transaction situations include growth support, business successions, corporate carve-outs, buyouts, and restructurings. Unison is a generalist investor, however the Firm has a preference for opportunities in the retail, niche manufacturing, and healthcare sectors. Unison Capital was formed in 1998 and has offices in Tokyo, Seoul, and Singapore.


DEAL STATS #
Overall 11 of 18
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (Japan) 11 of 18
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Showa Yakuhin Kako

Tokyo, Japan

Showa Yakuhin Kako Co., Ltd. is a developer, manufacturer and distributor of medicines, dental drugs and medical equipments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-28 Dexerials

Tochigi, Japan

Dexerials is a manufacturer of functional materials for electronic parts. Dexerials was founded in 1962 and is based in Osaki, Japan.

Buy -