Company news MJ Hudson advises minority seller in £559m Wagamama sale
 
29 November 2018

MJ Hudson advises minority seller in £559m Wagamama sale

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MJ Hudson | Law has advised a minority investor on the sale of its interests, as part of the £559 million sale of the Wagamama restaurant chain by Private equity firm Duke Street to The Restaurant Group.

Established in 1992, the Wagamama restaurant chain, based in the UK, offers a selection of fresh, pan-Asian cuisine.

Following Duke Street’s acquisition in 2011 for £215 million, Wagamama has almost doubled in size. It currently has 133 restaurants in the UK, five outlets in the USA and 58 franchise restaurants operating in 23 markets spread across Western Europe, Eastern Europe, the Middle East and New Zealand.

Its buyer, The Restaurant Group plc, is one of the UK's largest independent restaurant groups and is listed on the London Stock Exchange.

The MJ Hudson team was led by partner and head of M&A, Andrew Mills.

Andrew said: “We have worked with our client for a number of years on its investment in the Wagamama group so it’s great to see everyone’s hard work pay off. The transaction was typical of the deals MJ Hudson frequently advises on; cross-border assets backed by institutional investors, requiring close collaboration between our corporate and finance teams.”

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