Kirkland & Ellis advised Brentwood Associates on the deal, while Hill Ward Henderson advised Hissho.
Brentwood Associates (Brentwood), a leading growth-oriented private equity firm, announced its acquisition of a majority interest in Hissho Sushi (Hissho).
Founded in 1998, Hissho is the second-largest franchisor of turnkey sushi solutions and is leading the charge on delivering fresh, premium sushi that customers crave. Brentwood acquired its majority interest in Hissho from investor Jeff Vinik, Ingleside Investors, Hissho’s founder (Philip Maung), Beem Holdings and management. The prior ownership group and the management team will remain significant shareholders going forward. Continental Grain Company, a global investor, owner and operator of companies across the food and agribusiness spectrum, participated in the transaction alongside Brentwood.
Brentwood Associates is a Los Angeles-based private equity investment firm with a 30+ year history of investing in middle-market growth-oriented consumer and business services companies. Since 1984, Brentwood’s dedicated private equity team has invested in over 50 portfolio companies with an aggregate transaction value of over $6 billion.
William Blair & Company, L.L.C. served as the exclusive financial advisor to Hissho. Owl Rock, a division of Blue Owl, served as Administrative Agent and Joint Lead Arranger and Audax Private Debt LLC and Varagon Capital Partners, L.P. served as Joint Lead Arrangers for the debt financing.
The Kirkland team was led by corporate partner Hamed Meshki (Picture) and associate Michael Chung and included associates Kristina Mooradian and Tammy Adereti; debt finance partner Nisha Kanchanapoomi and associates Christian Rivas, Chris Gambini and Carrie Han; tax partners Michael Beinus and Meredith Levy and associate Maria Smith; executive compensation partner Jack Stratton and associate Tony Guan; technology and intellectual property transactions partner Matthew Lovell; employee benefits partner Jack Bernstein and associate Caitlin Pyrce; labor and employment partner Michael Schulman and associates Mallory McKenzie and Carmen Francella, III; real estate partner Roberto Miceli and associate Brandon Hemans; international trade and government contracts partner Boyd Greene; international trade partners Mario Mancuso and Lucille Hague and associates William Phalen and Erika Krum; environmental transactions partner Michael Saretsky and associate Matt Swanson; and antitrust partner Matthew Wheatley and associate Kelsey Marie Laugel.
Involved fees earner: Tammy Adereti – Kirkland & Ellis; Michael Beinus – Kirkland & Ellis; Jack Bernstein – Kirkland & Ellis; Michael Chung – Kirkland & Ellis; Carmen Francella, III – Kirkland & Ellis; Chris Gambini – Kirkland & Ellis; Boyd Greene – Kirkland & Ellis; Tony Guan – Kirkland & Ellis; Lucille Hague – Kirkland & Ellis; Carrie Han – Kirkland & Ellis; Nisha Kanchanapoomi – Kirkland & Ellis; Erika Krum – Kirkland & Ellis; Kelsey Laugel – Kirkland & Ellis; Meredith Levy – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Mallory McKenzie – Kirkland & Ellis; Hamed Meshki – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Kristina Mooradian – Kirkland & Ellis; William Phalen – Kirkland & Ellis; Caitlin Pyrce – Kirkland & Ellis; Christian Rivas – Kirkland & Ellis; Michael Saretsky – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis; Maria Smith – Kirkland & Ellis; Jack Stratton – Kirkland & Ellis; Matt Swanson – Kirkland & Ellis; Matthew Wheatley – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Brentwood Associates;