At what enterprise value was STICKS’N’SUSHI acquired in 2024?

During the acquisition of STICKS’N’SUSHI by MCWIN CAPITAL PARTNERS in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of STICKS’N’SUSHI when it was acquired by MCWIN CAPITAL PARTNERS?

The estimated EV/EBITDA multiple for STICKS’N’SUSHI is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was STICKS’N’SUSHI acquired by MCWIN CAPITAL PARTNERS?

STICKS’N’SUSHI was acquired by MCWIN CAPITAL PARTNERS in 2024.

What was the revenue of STICKS’N’SUSHI at the time of the deal?

The revenue of STICKS’N’SUSHI at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of STICKS’N’SUSHI during the acquisition?

STICKS’N’SUSHI's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the STICKS’N’SUSHI acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the STICKS’N’SUSHI deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://mcwin.fund/wp-content/uploads/2025/09/McWin-Food-Ecosystem-Fund-Acquires-Majority-Shareholding-in-SticksnSushi-Feb-2024.pdf

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Home Database Retail & ConsumerSTICKS’N’SUSHI

02/2024

STICKS’N’SUSHI acquired by MCWIN CAPITAL PARTNERS

DENMARK Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M EUR

Context

The acquisition of Sticks’n’Sushi by McWin Capital Partners is structured as a control‑oriented acquisition, with McWin securing a majority stake in the business while retaining the existing management team and brand identity. At the time of the transaction, Sticks’n’Sushi operates 27 restaurants across the UK, Denmark, and Germany , illustrating a multi‑market, mid‑market platform that has extended its footprint from its core Danish base to the UK and Germany over many years. McWin positions the transaction as a strategic add‑on to its existing restaurant portfolio, leveraging its scale, sector expertise, and cross‑brand resources to support further expansion in the UK and Germany, two markets where Sticks’n’Sushi is still relatively nascent. The sponsor highlights the resilience of Sticks’n’Sushi through recent cost headwinds, the quality of its leadership, and the structural tailwinds in the sushi category (female‑friendly, family‑friendly, and suited for business and leisure occasions). The investment underscores McWin’s opportunistic strategy: seeking high‑performing concepts and teams that can scale, with a strong emphasis on unit economics, brand strength, and leadership quality.

By taking control of Sticks’N’Sushi, Mcwin Capital Partners continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Big Mamma in 2023.

STICKS’N’SUSHI, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

Target

Sticks’n’Sushi is a Danish‑founded, upscale Japanese‑style restaurant group specializing in premium sushi, yakitori, and other Japanese small plates, positioned in the mid‑ to upper‑casual dining segment. The brand is culturally embedded in Denmark, where it is considered an “institution” with a long‑standing, highly loyal customer base and strong brand recognition. The group has successfully expanded beyond its home market, operating a portfolio of 27 restaurants across the UK, Denmark, and Germany, with a focus on high‑quality ingredients, curated interiors, and a versatile day‑part mix (from casual weeknight dinners to group dining and business occasions).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

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2024

2023

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11/2023	GENERAL ATLANTIC	JOE & THE JUICE	DENMARK	Hospitality & Leisure	General Atlantic acquired a majority stake in Joe & the Juice from Swedish private equity firm Valedo Partners. The deal is structured as a buy‑out of Valedo’s entire holding, which fully exits the business, while General Atlantic, which has been a minority investor since 2016, steps up to majority control
10/2023	LOV GROUP	ANGE BOULANGERIE	France	Hospitality & Leisure	Ange Boulangerie's founders executed a significant strategic transaction by opening the company's capital to an external investor for the first time since its creation. The company sold a 35% minority stake to Lov and Bread, the food-focused investment fund of Stéphane Courbit's Lov Group
10/2023	CALVETON / BREAL CAPITAL	THE EVOLV COLLECTION	UNITED KINGDOM	Hospitality & Leisure	D&D London has been acquired by a consortium consisting of Calveton and Breal Capital. The deal follows a period of financial instability for the group and includes a critical £40 million balance sheet recapitalization to facilitate future growth and investment in new sites
09/2023	PARADIES	TASTES ON THE FLY	UNITED STATES	Hospitality & Leisure	Paradies Lagardère, the North American division of Lagardère Travel Retail, executed the acquisition of Tastes on the Fly to significantly bolster its Foodservice operations across the continent. This strategic move is a cornerstone of the acquirer's ambition to become one of the largest and most respected airport restaurant operators in North America
09/2023	MCWIN CAPITAL PARTNERS	BIG MAMMA	FRANCE	Hospitality & Leisure	McWin Capital Partners agreed to acquire a majority stake in Big Mamma Group in an leverage buy‑out operation. The founders Tigrane Seydoux and Victor Lugger retaining minority stakes and continuing as co‑CEOs and key shareholders, while a broad group of earlier investors exits the cap table
08/2023	RESTAURANT BRANDS	FIESTA RESTAURANT	UNITED STATES	Hospitality & Leisure	Authentic Restaurant Brands, a Garnett Station portfolio company, agreed to acquire Fiesta Restaurant Group, Inc. for $8.50 per share in cash, taking Pollo Tropical private. The all-cash deal, unanimously approved by Fiesta's board via special committee, includes a 30-day go-shop and awaits shareholder vote, HSR clearance, closing Q4 2023

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of STICKS’N’SUSHI by MCWIN CAPITAL PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: sticks’n’sushi

Acquirer: mcwin capital partners