![]() ![]() Headquartered in Charlotte, NC, Hissho Sushi is one of the largest sushi distributors in the country and has regularly been recognized for: its year-over-year growth by Charlotte Business Journal's Fast 50, by Inc. served as Joint Lead Arrangers for the debt financing. Owl Rock, a division of Blue Owl, served as Administrative Agent and Joint Lead Arranger and Audax Private Debt LLC and Varagon Capital Partners, L.P. Brentwood was represented by Kirkland & Ellis LLP. served as the exclusive financial advisor to Hissho, while Hill Ward Henderson provided legal counsel. Portfolio Advisors, LLC and Pine Mountain Ventures, LLC also co-invested with Brentwood in the transaction. Other franchised concepts Brentwood has partnered with include Chicken Salad Chick, Blaze Pizza, and Watermill Express. Hissho marks the 12 th investment Brentwood has made across restaurants, foodservice and franchising. We look forward to leveraging our knowledge and resources to build on the already outstanding foundation for growth that exists at Hissho today." It is a perfect fit with our strategy of investing in high-growth, world-class consumer businesses. Rahul Aggarwal, partner at Brentwood, commented, “For more than 20 years, Hissho Sushi has been disrupting the dining industry and elevating the sushi experience nationwide. We are thrilled to partner with Hissho and its outstanding management team on their current strategy of bringing innovative and sustainably sourced sushi everywhere consumers work, live and play,” said Jon Ang, Managing Director at Brentwood. “Hissho is uniquely positioned to capitalize on the growing consumer trend towards convenient and healthy prepared food options. Jeff Vinik added, “Hissho is in terrific hands with Brentwood, and the prospects for the Company are better than ever. Combining Hissho’s category leadership and growth-centric mindset with Brentwood’s deep knowledge in foodservice and franchising will create even greater growth opportunities for Hissho, our franchisees and our retail partners.” Beem stated, “We are excited to welcome Brentwood to the next chapter in the Hissho Sushi story. With more than 2,000 points of distribution across the country, Hissho is committed to making sushi more accessible and approachable to shoppers of all backgrounds, ages and diet preferences.įollowing the transaction, Dan Beem, the Company’s Chief Executive Officer, will continue to lead the Company alongside President & Chief Financial Officer Mathew Wilken and the remainder of Hissho’s best-in-class management team. Hissho’s premium sushi is handcrafted daily by local, experienced chefs using high-quality ingredients that are 100% responsibly sourced. Continental Grain Company, a global investor, owner and operator of companies across the food and agribusiness spectrum, participated in the transaction alongside Brentwood.īy partnering nationwide with grocery stores, college campuses, airports, hospitals, corporate offices and government facilities, Hissho offers an innovative menu of classic sushi rolls and chef-created specialties served at a compelling value and in a convenient on-the-go format. The prior ownership group and the management team will remain significant shareholders going forward. Brentwood acquired its majority interest in Hissho from investor Jeff Vinik, Ingleside Investors, Hissho’s founder (Philip Maung), Beem Holdings and management. Founded in 1998, Hissho is the second-largest franchisor of turnkey sushi solutions and is leading the charge on delivering fresh, premium sushi that customers crave. ![]() Updated throughout the day, this shows the number of shares available to borrow.LOS ANGELES-( BUSINESS WIRE)-Brentwood Associates (“Brentwood”), a leading growth-oriented private equity firm, has acquired a majority interest in Hissho Sushi (“Hissho” or the “Company”). Open market or private sale of non-derivative or derivative securityĭisposition pursuant to a tender of shares in a change of control transactionĪcquisition or disposition by will or the laws of descent and distributionĮxercise of in-the-money or at-the-money derivative securityĭeposit into or withdrawal from voting trust Open market or private purchase of non-derivative or derivative security Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3Įxpiration (or cancellation) of long derivative position with value receivedĭiscretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securitiesĮxercise or conversion of derivative security exempted pursuant to Rule 16b-3Įxercise of out-of-the-money derivative security Grant, award or other acquisition pursuant to Rule 16b-3(d)ĭisposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) ![]()
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