Boston-based private equity group Bain Capital has acquired a Japanese restaurant chain Skylark Group by paying a total of $3.41 billion, including debt, Financial Times reports. The U.S. buyout group has bought the chain from a unit of Nomura Holdings, Japan’s largest investment bank, and several domestic financial institutions.
Bain Capital intends to push up Skylark’s sales by using promotions and increasing its food purchase system’s efficiency. Nomura had purchased the Skylark shares along with U.K. private equity firm CVC Capital Partners in 2006 as a part of Japan’s largest management buy-out.
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