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Sushi provides solid strategy for Australian investor
Maddocks has advised the founders of food retailer Sushi Sushi Group on a strategic investment and buy-in by Odyssey Private Equity.
Grace Ormsby
Source: yelp.com.au
Firm: Maddocks (Sushi Sushi Group); Herbert Smith Freehills (Odyssey Private Equity)
Value: Undisclosed
Area: Corporate, M&A
Key players: Maddocks’ team was led by partners Damien Wurzel, Leigh Baring and Greg Hipwell, with support from senior associate Steven Tang, associate Daniel Hui and lawyer Jack Coventry.
Deal significance: Sushi Sushi is one of Australia’s largest food retailers, according to Maddocks, employing more than 1,300 staff members across 130 stores around Australia.
Sydney-based Odyssey Private Equiry is an investor in “leading, mid-sized growth companies in Australia and New Zealand”, according to the company itself.
Maddocks noted it worked in close collaboration with colleagues from KPMG’s transaction services team to help deliver the project.
