Permira buys top sushi chain in Japan

The London-based private equity firm Permira has agreed to buy Japan's largest sushi restaurant chain, Akindo Sushiro, for about $1bn (£630m) including debt, in the UK's second-biggest buyout deal this year.

Permira, which is buying Sushiro from the Japanese buyout fund Unison Capital, is working on expansion plans that include taking the chain into China. Sushiro is the market leader in "revolving" sushi restaurants in Japan.