A private equity firm is reported to be lining up to make a £100m acquisition of casual dining group Yo! Sushi.
Inflexion Private Equity is understood to have emerged as the frontrunner to buy the 70-strong restaurant chain, according to Sky News. It is thought to have been given a period of exclusivity to seal the deal with Yo! Sushi's current owner Quilvest.
However it could yet fall apart, according to the report.
Other rival bidders who were thought to be interested in the chain, founded by Simon Woodroffe in 1997, include 3i, Morgan Stanley Private Equity and Mistral Equity Partners, a New York-based fund.
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