Sticks ‘n’ Sushi sold to UK equity firm

The Danish restaurant chain Sticks ‘n’ Sushi has been sold to British private equity firm McWin, with the deal valued between half and a full billion Danish kroner, reports Børsen. The sale comes after a decade of significant growth, with the chain’s revenue tripling and profits quadrupling. The majority owner, a fund under Maj Invest, put the chain up for sale last year. McWin specializes in the food service industry and operates Burger King outlets in Germany and Poland. Founded by Thor Andersen and the Rahbek Hansen brothers, Sticks ‘n’ Sushi manages 27 restaurants – 12 in Denmark, 12 in the UK, and three in Berlin. In the latest fiscal year, the company reported a turnover of 779 million kroner and a net profit of 21.4 million kroner.