The ONE Group Hospitality, Inc. to Acquire Owner of Benihana

DENVER–(BUSINESS WIRE)–The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS), today announced it will acquire Safflower Holdings Corp., the owner of Benihana Inc. (“Benihana”), a leading operator of highly differentiated experiential brands that owns the only national teppanyaki brand in the U.S. and owns RA Sushi. The transaction is valued at $365 million and will be financed with $160 million in preferred equity and a portion of a new $390 million term loan and c

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