Roadshows for Skylark’s planned 102.4 billion $987 million Tokyo initial public offering began on Monday, with the Japanese restaurant chain operator identifying three breweries as anchor investors.
Suntory Beer Spirits, Kirin Holdings and Asahi Breweries are pledging 4.9 billion, 4 billion and 4.1 billion, respectively, in Skylark at the IPO price, a banker close to the deal told FinanceAsia. All three are subject to six-month lockups.
Private equity firm Bain Capital will offload roughly one third of its stake in Skylark, which operates Japanese family-style restaurants such as Gusto, Steak Gusto, Jonathan’s, Bamiyan and Yume-an, once the company floats its shares.
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