Grupo Masao, a leading sushi operator in the retail sector based in Madrid and established in December 2007 in Spain with 130 points of sale and 400 employees, has completed the sale of 100% of the company to Hana Group, the leading Sushi operator in the retail sector worldwide with 1,350 points of sale in 12 countries and 5,500 employees.
Grupo MASAO is managed by 2 main shareholders. Its business expansion in the last few years has been due to the implementation of sushi stands in hypermarkets and supermarkets in El Corte Inglés and Carrefour, besides other smaller projects in Spain such as an Asian and Sushi fast food restaurant in South Tenerife Airport. The Group structure is based on 3 main companies under the umbrella of Masao and 6 different brand names.
France´s Hana group, with a portfolio of 14 brands, is specialized in the retail & food sector and wholesale distribution. The brand develops its own high-ended sales network, which offers diverse and open world cuisine.
The deal has been closed for €40 million.
The GA_P´s team was led by Madrid office Corporate M&A Partner and co-head of Venture Capital at Gómez-Acebo & Pombo Álvaro Mateo, together with Barcelona office Corporate M&A lawyers Carolina Posse and Irene Romero.