M&A Deal Summary

Primary Capital Partners Acquires YO! Sushi

On August 1, 2003, private equity firm Primary Capital Partners acquired restaurant YO! Sushi for 10M GBP

Acquisition Highlights
  • This is Primary Capital Partners’ 2nd transaction in the Restaurants sector.
  • This is Primary Capital Partners’ 13th largest (disclosed) transaction.
  • This is Primary Capital Partners’ 8th transaction in the United Kingdom.
Investment Fate
  • YO! Sushi was sold to a consortium of financial buyers in 2008.
  • YO! Sushi was sold to a consortium of financial buyers in 2015 for 100M GBP.
  • YO! Sushi was sold to a publicly-traded strategic buyer in 2023 for 621M USD.

M&A Deal Summary

Date 2003-08-01
Target YO! Sushi
Sector Restaurants
Buyer(s) Primary Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10M GBP

Target

YO! Sushi

London, United Kingdom
YO! Sushi is a chain of conveyor belt Japanese restaurants offering 'sophisticated fast food'. YO! Sushi was founded in 1997 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Primary Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 700M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Primary Capital Partners is a private equity firm focused on management buyouts and buy-ins of mid-market companies with an enterprise value of £20 - £100 million. Primary looks for opportunities across Europe but concentrates primarily on businesses located in the UK and Germany. The Firm looks to invest £10 to £44 million of equity or equity-related capital per transaction. Target sectors include consumer products/services, business & support services, financial services, IT services, software, and industrial products/services. Primary Capital Partners was formed in 1994 and is based in London, United Kingdom.


DEAL STATS #
Overall 10 of 34
Sector: Restaurants M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 22
Country: United Kingdom M&A 8 of 31
Year: 2003 M&A 3 of 4
Size (of disclosed) 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 InBond

Stockton on Tees, United Kingdom

InBond Ltd. is a provider of logistics services. Its services include general and bonded warehousing, document management, pick and pack freight forwarding, inland clearance, distribution, and customs and excise services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 Rhyme Systems

London, United Kingdom

Rhyme Systems Ltd. is a UK asset management backoffice operations software company, providing investment management and post trade clearing and settlement systems.

Buy £20M