M&A Deal Summary

Zensho Acquires YO! Sushi

On September 21, 2023, Zensho acquired restaurant YO! Sushi from Mayfair Equity Partners and Federated Hermes Private Equity for 621M USD

Acquisition Highlights
  • This is Zensho’s 1st transaction in the Restaurants sector.
  • This is Zensho’s largest (disclosed) transaction.
  • This is Zensho’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-09-21
Target YO! Sushi
Sector Restaurants
Buyer(s) Zensho
Sellers(s) Mayfair Equity Partners
Federated Hermes Private Equity
Deal Type Add-on Acquisition
Deal Value 621M USD

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

Zensho

Tokyo, Japan

Category Company
Founded 1982
Sector Business Services
Employees18,742
Revenue 1.14T JPY (2025)
DESCRIPTION

Zensho manages food service chain restaurants in Japan and internationally. The company develops sales systems and food processing systems. Its restaurants offer gyudon, udon, and hamburger steaks, as well as provide a conveyor-belt sushi restaurant and coffee shop, and dining services under the Sukiya, Nakau, Coco's, Big Boy, Victoria Station, Jolly Pasta, EI Torito, Hama-sushi, Hanaya Yohei, Gyuan, Takarjima, Denmaru, Kyubeiya, Seto Udon, Tamon'an, Moriva Coffee, and Café Milano, Katsuan, Olive Hill, and Lotteria brands in Japan. Zensho was founded in 1982 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Mayfair Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B GBP
Size Large
Type Sector Focused
DESCRIPTION

Mayfair Equity Partners is a private equity firm focused on buyout and growth capital investments in the technology, media, communications, and consumer sectors. Mayfair was formed in 2014 and is headquartered in London.


DEAL STATS #
Overall 6 of 8
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
Country: United Kingdom M&A 5 of 7
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Jonckers

Wavre, Belgium

Jonckers is a tech-enabled language services provider to accelerate growth and has a longstanding, global blue chip client base including Microsoft, Adobe, and Amazon. The Company provides translation services across Europe and Asia, while rapidly expanding in its largest market, North America. Jonckers was formed in 1994 and is based in Wavre, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 TrustedHousesitters

London, United Kingdom

TrustedHousesitters is an online platform facilitating the connection between Home and Pet owners and Sitters. TrustedHousesitters currently operates in over 130 countries, the platform has facilitated more than two million nights of house sitting, saving its members over £170m in accommodation and pet care costs. TrustedHousesitters was founded in 2010 and is based in London, United Kingdom.

Buy $100M
SELLER

Federated Hermes Private Equity


Category Asset Manager
Founded 2010
PE ASSETS 12.9B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Federated Hermes Private Equity is a global investor in private equity funds as well as direct co-investor. The Firm manages assets on behalf of institutional investors with a focus on private markets. Federated Hermes Private Equity is headquartered in London.


DEAL STATS #
Overall 5 of 5
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 4 of 4
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sani/Ikos Group

Halkidiki, Greece

Sani/Ikos Group is an operator of a luxury beach resort group that currently owns and operates in excess of 2,700 rooms spread across 10 unique resorts in Greece and Spain. Sani/Ikos Group is based in Halkidiki, Greece.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Screendragon

London, United Kingdom

Screendragon is a SaaS-based workflow automation provider. Screendragon is a work management platform that sells to agencies and enterprise marketing teams. The platform helps connect distributed teams and streamline complex workflows to help curate and deliver content to their end customers. Screendragon was founded in 2001 and is based in London, United Kingdom.

Buy -