Pepper Food Service Co., Ltd. announced that it has received ¥79.47903 million in funding from Inflexion Partners, Flagship Asset Management, Inc.
August 16, 2020
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On August 17, 2020, Pepper Food Service Co., Ltd. (TSE:3053) closed the transaction. The transaction included participation from InfleXion No. II Fund L.P for 99,149 of 11th rights and 42,492 of 12th rights, Inflexion II Cayman, L.P., a fund managed by Inflexion Partners for 36,350 of 11th rights and 15,579 of 12th rights and Flagship Asset Management Investment Union No. 88, a fund managed by Flagship Asset Management, Inc. for 25,483 of 11th rights and 10,921 of 12th rights.
Pepper Food Service Co Ltd is a Japan-based company mainly engaged in the operation of restaurants. The Company operates through four business segments. The Ikinari! Steak Business segment is engaged in the operation of charcoal-grilled steak restaurant Ikinari! Steak, operated directly by the group, a franchise, or a consignment business. The Pepper Lunch Business segment has three businesses: franchise business, direct management business and consignment business. It operates stores such as Pepper Lunch, Pepper Lunch Diner, 92's and food court type Charcoal-grilled Hamburg Steak Kuni, Tokyo 634 Burg, Musashi Hamburg. The Restaurant Business segment operates custom-cut steak restaurants, tonkatsu stores, beef tongue restaurants and others as a direct management, franchise and consignment business of the group. The Product Sales Business segment sells ingredients such as tonkatsu sauce, frozen pepper rice, dressing, and lux ham, as well as chopsticks.