Zensho Holdings Co., Ltd. completed the acquisition of Snowfox Group PLC from Mayfair Equity Partners LLP and others.
June 29, 2023
Share
Zensho Holdings Co., Ltd. (TSE:7550) agreed to acquire Snowfox Group PLC from Mayfair Equity Partners LLP and others in a transaction valued at approximately $620 million on June 13, 2023. Post completion of this transaction Mayfair Equity Partners LLP will fully exit Snowfox. Snowfox's leadership team, including CEO Richard Hodgson, will remain with the business to work closely with Zensho's Senior Management. The terms of transaction are to be confirmed and completion remains subject to customary closing conditions. Barclays PLC (LSE:BARC) acted as Financial Advisor to Zensho Holdings Co., Ltd. Scott A. Jalowayski of Gibson, Dunn & Crutcher LLP acted as legal advisor to Zensho Holdings Co., Ltd. Yunus Maka, David Smith, Matthew Duncombe, Ruth Williamson, David Richardson, Paolo Morante, and Rachel Hamilton DLA Piper LLP (US) acted as legal advisor to Snowfox
Zensho Holdings Co., Ltd. (TSE:7550) completed the acquisition of Snowfox Group PLC from Mayfair Equity Partners LLP and others in June, 2023.
ZENSHO HOLDINGS CO.,LTD. is a Japan-based company primarily engaged in the restaurant business. The Company operates in two business segments. The Restaurant segment is mainly engaged in the operation of restaurants, management of restaurants, manufacture and sale of soy sauce and seasonings, sale of frozen pizzas, as well as nationwide delivery of ingredients. The Retail segment is engaged in the operation of supermarkets and sale of fruit and vegetables.