Sushi Yama to get Litorina as major owners in the company.

Sweden Secondary 06 March 2020
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Sushi Yama, a Stockholm, Sweden-based sushi restaurant chain, announced that it enetered into an investment agreement with local private equity company Litorina.

The deal, which has financial details undisclosd, was made for a majority stake in the company. The restaurant founders, Sargon and Ninos George, will continue to hold a minority part.

Sushi Yama, founded in 2008, has 47 restaurants mainly in Stockholm and eastern Sweden, with yearly sales of about SEK 240M ($25.5M).