Mishcon de Reya advised new client, Minor International ("MINT"), on the purchase of a 75% stake in Benihana Holding Pte. Ltd. Benihana, is one of the leading Japanese-inspired teppanyaki restaurant chains headquartered in the UK. Joining MINT’s restaurant network is a portfolio of 19 Benihana restaurants: 2 owned restaurants in London and 17 franchised restaurants in countries across Europe, Asia and the Middle East. MINT will hold the global trademark and IP rights for Benihana in Asia (excluding the islands of Japan), Middle East, Europe, Australia, Africa, Canada and Mexico.
MINT’s investment replaces the previous shareholding by RHA Testamentary Trust. The Trust will retain a 25% shareholding in Benihana in partnership with MINT.
MINT is a global company focused on restaurants, hospitality and lifestyle brands distribution. MINT is one of Asia’s largest restaurant companies with over 2,000 outlets operating system-wide in 20 countries, a hotel owner, operator and investor with a portfolio of 161 hotels and serviced in 26 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and South America and one of Thailand’s largest distributors of lifestyle brands and contract manufacturing.
Steve Chojnacki, Chief Commercial Officer and General Counsel of Minor International, commented: “We really appreciated the strong support of the Mishcon team throughout the transaction.”
The Mishcon de Reya team was led by Head of Corporate Nick Davis and Managing Associate James Spencer, with assistance from Associate Remy Browning, Intellectual Property Partner Martyn Hann and Associate Emily Leach, along with other specialists in Real Estate, Employment and Tax.
Nick Davis commented, "This acquisition represents a significant milestone in MINT Food’s global expansion. The matter allowed us to demonstrate our deep understanding of the hospitality and leisure sector and we are thrilled to have had the opportunity to work with MINT on this transaction."