PAG Asia Capital to invest undisclosed amount in Paradise Group
Add BT as a preferred source
Nisha Ramchandani
Singapore
HONG KONG-based PAG Asia Capital will invest in Paradise Group Holdings for an undisclosed amount in a move which is expected to bolster the restaurant operator's expansion efforts across Asia.
Paradise's founder Eldwin Chua and chief operating officer Edlan Chua will retain their existing positions and remain "significant shareholders" in the company, PAG and Paradise said in a joint statement on Monday. PAG declined to comment on the exact terms of the deal.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
