Proventeus exits Philippines franchise of Kenny Rogers Roasters
Proventeus Capital, a Southeast Asia-focused middle-market buyout firm, has exited the Philippines franchise of casual dining chain Kenny Rogers Roasters to the company’s founders, receiving PHP1.79 billion ($34 million).
The GP paid PHP320 million (then $6.7 million) for a 60% stake in 2009, taking out some of the founding shareholders while others stayed on in a minority capacity. When a competitive process was launched...
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