Standard Chartered PE, Boyu invest in China dessert chain
Standard Chartered Private Equity (SCPE) and Boyu Capital have made a joint investment in China’s Multi Concepts Link Restaurant Management (MCL), which operates Chinese-style dessert cafés under the Honeymoon Dessert brand. Financial terms were not disclosed.
Since opening its first café in Hong Kong in 1995, the company has grown to more than 210 directly-operated Honeymoon Dessert-branded stores across China, Singapore and Indonesia. The new capital will...
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