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The investor, which now now not too long in the past got Italian-restaurant neighborhood Colossal Mamma, has bought the 27-solid Denmark-born business, which operates 12 eating locations in Denmark, 12 in the UK and three in Germany.
The company has 1,500 workers and in the 365 days ending June 2023 generated £90m of revenues.
The investment is being made in partnership with Polaris Flexible Capital, led by companions Jesper Langmack and Kent Brovn Arp and marks the finish of 10 years of possession by Maj Invest, which since 2013 has helped transfer Sticks’n’Sushi from a family-flee business to a smartly-acknowledged brand in Europe.
Andreas Karlsson has been with the neighborhood since 2011, overseeing its growth into the UK sooner than taking over the leadership in 2019 and will continue to lead Sticks’n’Sushi into its subsequent chapter of growth.
“The settlement marks a new chapter for Sticks’n’Sushi,” says Sticks’n’Sushi CEO Andreas Karlsson.
“McWin agrees with the intention we introduced and shares our ambitions for the company. We’re going to bustle our growth in our existing markets – the UK, Denmark and Germany, nevertheless will furthermore enter entirely new markets over the subsequent five years. We undercover agent many opportunities arising with markets like France and DACH being top priorities for us.”
“Sticks’n’Sushi has expanded efficiently below Maj Invest’s stewardship since 2013 and McWin’s expertise in the restaurant industry makes them a wonderful accomplice to back bring the company to the subsequent level.
“Their monitor chronicle in the restaurant industry speaks for itself, and they dangle proven time and time again that they can originate wholesome growth. We are continuously looking at optimising our dangle processes and applied sciences – and here we are able to beget reasonably a few growth with McWin as a accomplice.”
Sticks’n’Sushi turned into as soon as basically based in Denmark in 1994 by Thor Andersen, Kim Rahbek Hansen and Jens Rahbek Hansen. Karlsson has been with the neighborhood since 2011, overseeing its growth into the UK sooner than taking over the leadership in 2019. He will continue to lead Sticks’n’Sushi into its subsequent chapter of growth.
“I genuinely had been following the success of Sticks’n’Sushi for the closing 15 years and their fixed and assured growth both in and outside of Denmark,” says Henry McGovern, co-founding accomplice at McWin.
“We are ecstatic to join forces with Andreas on the subsequent leg of growth. This brand has reasonably a few doubtless, and I will’t wait to undercover agent what we are able to finish.”
Harry Goss, accomplice and head of foodservice at McWin, adds: “We mediate that restaurant customers are seeking quality meals at an attractive brand, huge service and an expertise when they dine out. Sticks’n’Sushi delivers this in spades.
“Paramount to the further model of the business is nurturing the tradition, the values and the folk which dangle made the success to date imaginable. Andreas and the founders of Sticks’n’Sushi dangle created a particular brand and company.”
“The fundamentals are clearly in dwelling for further growth both in new and existing markets.”
