Apax sells Chinese restaurant chain Golden Jaguar
Apax Partners has agreed to sell Chinese high-end restaurant chain Golden Jaguar to Hong Kong-listed Carnival Group International Holdings for HK$253.4 million ($32.7 million).
The private equity firm acquired the asset in 2011 at a reported valuation of $250 million, but in recent years it has been loss-making. The deal comes at a time when quality restaurants and luxury goods...
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