Sticks n Sushi secures £22m loan
The group has successfully scaled to 27 restaurants with 12 in Copenhagen, 12 across the UK, and three in Berlin
Sticks n Sushi has revealed that it has secured a £22m loan from Oak North Bank to support further growth.
The business was acquired by leading private equity firm, McWin Capital Partners, in January this year.
McWin is a sector specialist with stakes in a number of chains, including: Gail’s Bakery, Popeyes, Big Mamma, Vapiano, and Burger King Germany to name a few.
The group has successfully scaled to 27 restaurants with 12 in Copenhagen, 12 across the UK, and three in Berlin.
Andreas Karlsson, CEO of Sticks n Sushi, said: “Our continued growth is really exciting – we’ve opened a restaurant every year since 2012 and we launched two last year in Shoreditch and Kingston, followed by Richmond this May – which will make it three in nine months.
“Over the years, we’ve built a loyal customer base who continue to choose us because of the quality of food we serve, and the quality of service we provide. We have identified great locations for several new restaurants in the coming years, and with the support of McWin and OakNorth, we will be able to take advantage of this.”
He added: “We’re incredibly grateful for both of their support and the commercial and collaborative nature in which they operate – it genuinely feels like a partnership and a relationship that will help make us an even stronger business for years to come.”