Maddocks acts as private equity gobbles up Sushi Sushi

The independent firm worked in close collaboration with colleagues at a Big Four firm to advise the selling founders

Maddocks acts as private equity gobbles up Sushi Sushi

Maddocks was the law firm of choice for the founders of one of Australia’s largest food retailers, which was acquired by private-equity investors.

The independent firm advised the Sushi Sushi Group on the company’s sale to Odyssey Private Equity. Sushi Sushi, which has 130 stores across Australia and more than 1,300 staff, is the largest Japanese food business in the country.

Financial details of the deal were not disclosed, but estimates value the company between $100m and $150m.

Partners Damien Wurzel, Leigh Baring, and Greg Hipwell headed the core Maddocks team. They were supported by senior associate Steven Tang, associate Daniel Hui, and lawyer Jack Coventry.

Maddocks said that it worked in close collaboration with colleagues at KPMG’s transaction services team on the deal. The firm also said that the deal continues its track record advising founders of some of the country’s most major control transactions and exits.

Maddocks recently advised the founders of Camp Australia, HPS Group, Soar Aviation, and Manly Fast Ferry on their deals.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Tax expert from Big 4 firm joins Clayton Utz’s partnership

Final week of nominations to In-House Leaders 2020

Major international firms band together to speed up tech use in global dispute resolution

KHQ Lawyers welcomes two to principal solicitor team in Melbourne

Pitcher Partners appoints one to principal, five to partnership

IBA condemns Hong Kong security law as ‘contrary to the norms of international law’

Most Read Articles

Mills Oakley welcomes three to partnership in major promotion round

HSF managing partner embraces innovation and technology in a COVID-19 world

KHQ Lawyers welcomes two to principal solicitor team in Melbourne

Kingston Reid elevates two to partner