Paris, may 18, 2017 – Paul Hastings has advised Goldman Sachs, a global investment bank in the foreground, and on the refinancing of Sushi Shop, the largest chain of japanese restaurants in France, within the framework of its policy of integration of the franchisees.
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Since 2011, the chain of japanese restaurants is sustained in the minority by Naxicap Partners, one of the major players of the equity finance business in France. Goldman Sachs has given to Sushi Shop, a funding of a total amount of 60 million euros, of which € 31 million to finance the repurchase of franchisees. Sushi Shop has already repurchased eleven of its franchisees, and intends to resume control of the bulk of its network by the end of 2018.
In 2016, Sushi Shop has achieved a business volume of 183 million euros and expects to close the current fiscal year to 207 million euros. The group plans to open twenty additional locations outside of France.
The team of Paul Hastings, which was composed, for the aspects relating to the financing, Olivier Vermeulen (partner), Marc Zerah (collaborator) and Aladin Zeghbib (employee) and, for the tax aspects, Allard de Waal (partner) and Stephen Bimbeau (collaborator).
About Paul Hastings
Paul Hastings is an international law firm, now with 21 offices in Asia, Europe, North America and South America. In France, the law firm Paul Hastings is one of the leading law firms specializing in business law is well-known in the field of mergers & acquisitions, private equity, capital markets, finance and restructuring, insolvency, project finance, real estate, taxation, social law, litigation and arbitration, criminal law, business, and law, european and competition. For more information : www.paulhastings.com
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