Danish restaurant chain Sticks’n’Sushi has secured a £22m loan from OakNorth Bank to support its expansion plans.

The company will use the funds to bolster its growth trajectory, particularly within the UK market, which has become its largest in terms of turnover.

Founded in 1994 by brothers Jens and Kim Rahbek and Thor Andersen, Sticks’n’Sushi has grown to 27 restaurants: 12 in Denmark, 12 in the UK and three in Berlin. The company employs 1,500 people.

After opening its first location in Wimbledon in 2012, the chain has since expanded to 12 UK sites, ten in London and one each in Oxford and Cambridge.

A 13th is scheduled to open in Richmond this May 2024.

Sticks n Sushi CEO Andreas Karlsson was quoted by London Loves Business as saying: “Our continued growth is really exciting – we’ve opened a restaurant every year since 2012 and we launched two last year in Shoreditch and Kingston, followed by Richmond this May – which will make it three in nine months.

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“Over the years, we’ve built a loyal customer base who continue to choose us because of the quality of food we serve and the quality of service we provide. We have identified great locations for several new restaurants in the coming years, and with the support of McWin and OakNorth, we will be able to take advantage of this.

“We’re incredibly grateful for both their support and the commercial and collaborative nature in which they operate – it genuinely feels like a partnership and a relationship that will help make us an even stronger business for years to come.”

January 2024 marked a new chapter for Sticks’n’Sushi as it was acquired by McWin Capital Partners.

The private equity firm holds stakes in restaurant chains such as Gail’s Bakery, Popeyes, Big Mamma, Vapiano and Burger King Germany.