Permira plans to float sushi chain Akindo Sushiro-sources

April 22, 2016 7:33 AM

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HONG KONG/TOKYO, April 22 European buyout firm Permira is considering selling Japan's sushi chain operator Akindo Sushiro Co in an initial public offering (IPO) and is in the process of choosing underwriters, people with direct knowledge of the matter said.

Permira bought Sushiro from a Japanese private equity firm Unison Capital in 2012 for about 80 billion yen ($724.2 million) and the value of the company has since grown to about 150 billion yen including debt, one of the people with direct knowledge of the matter told Reuters.

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