Wasabi sells minority stake to Capdesia Group
It follows on from a £30m investment from HSBC last March 2018.
Wasabi sells minority stake to investment firm Capdesia Group for its expansion and refurbishment programme.
The acquisition will enable Wasabi to grow its portfolio in the UK and the US, refurbish existing stores and develop other commercial opportunities.
“In Wasabi, we identified a robust core business with above-average site-level economics and strong customer loyalty that is benefitting from the changing consumer demand towards healthier food and faster speed of service. We were immediately struck by the quality of its food, its competitive price point and its lean and scalable operating model,” Capdesia co-founder Ashton Crosby said.
Co-investors in the transaction are Sushiro Global Holdings, Japan’s largest publicly listed sushi chain operator, and Regis Group, a US and UK asset manager.
Founded in 2003, Wasabi has 55 sites in the UK, five in the US and has recently expanded into the ready meal market following an exclusive arrangement with Sainsbury’s.
Photo credit: Wasabi Facebook
