The deal amount is undisclosed.
PAG Asia Capital (PAG) will make an investment in Paradise Group, a restaurant groups in Southeast Asia, the two companies announced today.
The current shareholders of Paradise Group, Eldwin Chua and Edlan Chua, will remain significant shareholders in the company and will remain in their current positions.
Established in 2008, Paradise Group operates over 60 outlets in Singapore, China, Hong Kong, Malaysia, Indonesia, Japan, Dubai, Philippines, Myanmar, Taiwan, and the UK.
Under the leadership of founder and CEO Eldwin Chua, Paradise Group has grown rapidly from two locations less than 10 years ago into one of the largest and most well-known Chinese restaurant groups in the region, offering various dining concepts to cater to different pricing points and cuisine styles.
Eldwin Chua, founder and CEO of Paradise Group, commented, “We are delighted by the prospect of partnering with PAG and look forward to great success with their backing. PAG’s presence and relationships across Asia are highly complementary to our growth plans.”
“We look forward to working with Eldwin and Edlan Chua,” said Weijian Shan, Group Chairman and CEO of PAG. “The management team of Paradise Group have built an impressive franchise with great potential for future growth, particularly in China. We believe that our investment and operational expertise, combined with Paradise Group’s brand and capabilities, will help the company further expand its footprint throughout Asia.”
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