China’s Capital Today invests in Home Original Chicken
Capital Today has committed RMB129 million ($21 million) for a 10% stake in Home Original Chicken, a Chinese fast food chain.
The funding will be used to expand Home Original Chicken's footprint to other cities in China, the company said. Founded in 2012, it operates 259 shops in Shanghai as wel as Anhui and Jiangsu provinces.
Last year, Capital Today exited Kungfun Catering Management for $16.05 million to an undisclosed party. The PE firm bought a minority stake for $7.91 million in 2007, implying a 1.67x return on its investment.
Launched by Kathy Xu, formerly an executive at Baring Private Equity Asia, Capital Today's past investments include Hong Kong fast food chain Tsui Wah Holdings, e-commerce sites JD.com and ihush.com, and other digital assets such as insurance telesales company 8ins.com, travel website Uzai.com and video domain Tudou.com.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.