One of the world’s leading Formula 1 drivers is preparing for life after the racetrack.
Two-time F1 World Drivers champion Fernando Alonso has bought a stake of more than 20 per cent in a chain of sushi restaurants.
The Spanish driver is believed to have secured a stake in Sticks ‘n’ Sushi alongside McWin Capital Partners, its private equity backer.
An industry source familiar with the details said the restaurant group would have five co-investors, with McWin holding a majority stake and Alonso, 43, emerging with ‘a meaningful investment’.
The business is estimated to turn over about £100m, at a bottom-line profit margin of about 10 per cent.
The price paid by McWin for a majority stake in the chain in February last year has never been disclosed, although one insider suggested it was ‘less than £100m and more than £50m’.

Driving a hard bargain: Fernando Alonso has bought a stake of more than 20 per cent in a chain of sushi restaurants
The details of Alonso’s investment also remain under wraps, although the racing driver confirmed that he had invested in some of McWin’s food-tech businesses five years ago.
In an exclusive interview with The Mail on Sunday, he confirmed: ‘Sticks ‘n’ Sushi is a nice opportunity outside of racing. We’ve been partners with McWin for more than five years.’
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .