Odyssey Private Equity has stacked up enough plates, and it’s ready to bring its 190-store-strong Japanese quick service chain Sushi Sushi to the register.
The buyout firm, managed by George Penklis, Gareth Banks and Paul Ready, is preparing Sushi Sushi for the conveyor belt and to glide past a line-up of hungry suitors after fielding inbound approaches, Street Talk can reveal.
Odyssey has engaged Luminis Partners to consider exit options and give potential buyers a taste of the action with a colourful flyer, which this column has obtained. Sources said the boutique adviser will seek to field offers above the $160 million mark.
Read the full story tomorrow and more on the Street Talk page.
Melbourne Airport stoush is the last thing ASX-listed real assets giant Dexus needs. Street Talk can reveal the company has MorgansFinancial preparing to float its Dexus Essential Infrastructure Trust, which will house the assets held in a public-private communities strategy.
Best and worst
The Australian sharemarket ended the week at a three-month high after economic data in both Australia and the US helped cement expectations that central banks are gearing up to cut rates.
