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Important news from Queenie

Oct 12 '11

UPDATE 1-PE firm Bain to buy Japanese restaurant chain-Nikkei

Nomura, which acquired the restaurant chain operator in 2006 along with a U.K. investment fund and Skylark management, will likely turn a profit on its investment with the Bain deal, the Nikkei reported.Bain began talks with Nomura to buy Skylark last fall and reached a basic agreement in late August, but an outbreak of dysentery at a Skylark group restaurant right after the agreement delayed negotiations, the paper said.Some of Skylark’s Gusto brand outlets had been closed until late September as a result of the outbreak, but Bain does not appear to be concerned as sales have recovered to year-earlier levels since the locations reopened, the daily said.

  1. sarinahtqbirnba posted this