
Advantage buys China restaurants from Papa John’s
Advantage Partners has acquired 34 restaurants in Beijing and Tianjin from Papa John’s International. The investment is being made through the Japanese private equity firm’s $380 million debut Asia fund, which closed in May.
The size of the transaction was not disclosed. These restaurants were the last ones directly-owned by Papa John’s outside of the US. As of year-end 2016, there were a further 164 restaurants in China...
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