Ant Capital has agreed to sell 100% of Muginoho Holdings, which bakes creampuffs branded “Beard Papa” and operates sweet shops and noodle shops to Nagatanien (TSE 2899) for reportedly JPY 9.44 billion. According to PEI, it represented a return on capital of 3.3x.
Nagatanien is a very well-known household name, manufacturing processed instant food, such as instant miso-soup, "ochazuke", sushi seasoning and noodles. It has approx. JPY 69 billion in sales in FY 2013.
Nagatanien was apparently attracted by Muginoho's overseas franchise as it seeks to beef up the sales outside of Japan. Muginoho has approx. 400 shops globally, of which 200 are in 17 countries including the US, Indonesia, Vietnam, Thai, Singapore and China.
Nagatanien is a very well-known household name, manufacturing processed instant food, such as instant miso-soup, "ochazuke", sushi seasoning and noodles. It has approx. JPY 69 billion in sales in FY 2013.
Nagatanien was apparently attracted by Muginoho's overseas franchise as it seeks to beef up the sales outside of Japan. Muginoho has approx. 400 shops globally, of which 200 are in 17 countries including the US, Indonesia, Vietnam, Thai, Singapore and China.
No comments:
Post a Comment