Apax seals purchase
By Lydia Chen |
July 27, 2011, Wednesday
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Print Edition
Print Edition
EUROPEAN buyout firm Apax Partners yesterday said it has completed the acquisition of Golden Jaguar, a buffet-style restaurant chain targeting China's rising urban middle classes.
Apax declined to reveal how much it spent on the deal or the size of its stake in the Shanghai-headquartered firm.
Analysts said the deal may help Golden Jaguar go public in Hong Kong. A report by Ming Po said in March that Golden Jaguar had planned to raise US$200 million through an initial public offering.
The investment in Golden Jaguar is Apax's latest move on the Chinese mainland since its arrival in 2009. The foreign private-equity firm has also invested in Soufun.com, one of China's leading real estate websites.
Apax declined to reveal how much it spent on the deal or the size of its stake in the Shanghai-headquartered firm.
Analysts said the deal may help Golden Jaguar go public in Hong Kong. A report by Ming Po said in March that Golden Jaguar had planned to raise US$200 million through an initial public offering.
The investment in Golden Jaguar is Apax's latest move on the Chinese mainland since its arrival in 2009. The foreign private-equity firm has also invested in Soufun.com, one of China's leading real estate websites.
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