M&A Transaction•

Casual Food Acquires Temakinho for €1.5 Million

Casual Food srl secures Temakinho in a €1.5M deal, including a business lease, amid the restaurant chain's restructuring. Expert analysis on market impact.

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Alvaro de la Maza

Partner at Aninver

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Key Takeaways

  • Casual Food srl acquired Temakinho srl for $1.5M.
  • Sector: Consumer, Leisure.
  • Geography: Italy.

Analysis

Casual Food srl has finalized an agreement to acquire the Italian fusion restaurant chain Temakinho for €1.5 million. This strategic move follows a period of financial restructuring for Temakinho, which initiated a formal crisis resolution process in October 2025. The acquisition marks a significant shift for the Milan-founded eatery, known for its unique blend of Japanese sushi and Brazilian flavors.

The transaction structure includes an initial business lease agreement, effective from February 11, 2026, through December 31, 2026, with a monthly rent of €7,000. This interim arrangement allows Casual Food to manage operations while finalizing the full acquisition. The lease is contingent on the progress of Temakinho's crisis resolution proceedings and ongoing negotiations between the parties. This phased approach is designed to ensure operational continuity and facilitate a smooth transition.

Casual Food srl, a player in the food service sector, is backed by a consortium of investors. Pierpaolo Sacchetti holds a 35% stake, with the remaining shares distributed among three investment vehicles: Tech Capital srl (30%), Quazim srl (20%), and Didimos srl (15%). The latter also operates under the Casual Food fish and sushi brand, indicating potential synergies within the group.

The acquisition process was supported by T Capital, an investment firm specializing in turnarounds and strategic development, and Didimos. This collaboration highlights a focus on revitalizing and expanding the Temakinho brand. Earlier stages of the deal, beginning in July 2025, saw Casual Food acquire three Rome-based Temakinho restaurants. Furthermore, the company tested new expansion models through franchised seasonal pop-ups in Panarea and Capo d’Orlando prior to the summer of 2025.

Temakinho's journey to this acquisition has been complex. The company filed for a negotiated crisis resolution procedure on October 23, 2025, seeking protective measures for its assets. The Tribunal of Milan granted these protective measures, initially for 120 days, which were later re-authorized in March 2026 to safeguard the continuity of operations during the delicate initial phase under the new lessee. These measures ultimately ceased on February 25, 2026.

Previously, Temakinho was acquired by the German private equity firm Mutares in February 2024 from Cigierre – Compagnia Generale Ristorazione spa, which was owned by funds controlled by BC Partners. Mutares exited its stake in July 2025 following a management buyout. The current transaction by Casual Food represents another significant chapter in the brand's evolving ownership structure within the competitive Italian restaurant market, a sector that has seen increased consolidation and strategic repositioning.