Navis Capital Partners to Acquire Singapore-based Imperial Treasure Restaurant Group (Asia)
Source: Bloomberg | Author(s): Joyce Koh
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to buy a majority stake in Singapore-based Imperial Treasure Restaurant Group, which operates a chain of restaurants under the Super Peking Duck brand. The deal is reportedly valued at SGD60 million (approximately US$45 million) to SGD80 million (approximately US$59 million). Imperial Treasure will use the investment to accelerate its expansion in China and grow its fine-dining operations.