PAG Asia Capital to invest undisclosed amount in Paradise Group

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.