Malaysian PE buys Tremendous Peking Duck chain
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Fashionable Singapore restaurant chain Tremendous Peking Duck seems to be set for accelerated worldwide enlargement.
In response to Bloomberg, Malaysian personal fairness agency Navis Capital Companions has agreed to purchase the model’s Singapore proprietor, Imperial Treasure Restaurant Group.
The corporate has paid between S$60 and $80 million for a majority stake within the enterprise and plans to speed up the model’s rollout in China.
Imperial Treasure was based in 2004 by Alfred Leung who will retain his curiosity and proceed to be concerned with the enterprise. It now has 23 eating places specialising in Chinese language meals and owns a positive eating restaurant at Marina Bay Sands, overlooking the gaming flooring.
Leung is also referred to as the founding father of Crystal Jade Culinary Ideas, bought to the LVMH Group final yr, netting round $100 million.
In line with Bloomberg, the deal and phrases are confidential and neither celebration wished to remark additional on the transaction.
Navis final week purchased Malaysian sweet and snackfood enterprise Cocoaland Holdings.
Questions & Answers
Q.Which company has bought the Imperial Treasure Restaurant Group?
Which company has bought the Imperial Treasure Restaurant Group?
Malaysian private equity firm Navis Capital Partners has agreed to purchase the Singapore owner of the Tremendous Peking Duck chain. They paid between S$60 and S$80 million for a majority stake in the business.
Q.What are the immediate plans for the Tremendous Peking Duck brand after the acquisition?
What are the immediate plans for the Tremendous Peking Duck brand after the acquisition?
Navis Capital Partners plans to accelerate the brand’s rollout, specifically targeting expansion within China. The acquisition is expected to lead to accelerated worldwide enlargement for the restaurant chain.
Q.What is Alfred Leung's continuing role with Imperial Treasure Restaurant Group?
What is Alfred Leung's continuing role with Imperial Treasure Restaurant Group?
Alfred Leung, who founded Imperial Treasure in 2004, will retain his interest in the company. He is also set to continue his involvement with the business after the acquisition by Navis Capital Partners.
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