Bloomberg News

Unitas Buys Carlyle’s Chinese Restaurant Chain for $40 Million

February 01, 2012

Feb. 1 (Bloomberg) -- Unitas Capital Pte, the $4 billion private equity firm, said it bought a stake in restaurant chain Babela’s Group for $40 million from three minority shareholders.

Babela’s, which received an investment from Carlyle Group LP in July 2007, owns an Italian dining brand with more than 120 outlets in Shanghai and Beijing as well as restaurants serving Cantonese cuisine and Taiwanese desserts, Unitas said in a statement today.

--Editor: Philip Lagerkranser

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net -0- Feb/01/2012 09:59 GMT


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus