OTPP backs Korean fried chicken chain at $1.6b valuation
Ontario Teachers’ Pension Plan (OTPP) has invested in Korean fried chicken restaurant franchisor BHC Group at an enterprise valuation of KRW1.8 trillion ($1.6 billion), facilitating a full exit for Elevation Equity Partners.
Sources familiar with the situation confirmed local media reports regarding OTPP’s participation, Elevation’s exit, and that MBK Partners would remain an investor in the business. OTPP, MBK and Elevation...
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