Ramen restaurant group Tonkotsu plans to expand after partnering with investment firm YFM Equity Partners.
Funds advised by YFM, the specialist private equity fund manager, are investing £5m in Tonkotsu for a minority stake. Mike Clarke and Jamie Roberts led the investment for YFM.
Tonkotsu operates nine restaurants in London and one in Selfridges Birmingham, with two more due to open later this year in Peckham and Shoreditch.
Clarke said: “The team have done a fantastic job in building the company, a unique brand and a loyal customer base despite real challenges to the restaurant sector. We are delighted to be working with Tonkotsu to support their continued growth over the coming years.”
YFM’s has other investments in the consumer market including Friska and Frescobol Carioca and YFM’s previous investments in the sector include – Go Outdoors and Gill Marine.