EQT acquires franchise operator China F&B Group
EQT Partners has bought a majority stake in China F&B Group, the Chinese franchise operator of international restaurant chains Dairy Queen and Papa John’s Pizza, for an undisclosed sum. Global investors SEB private equity and Hong Kong-based General Oriental Investments also participated.
Founded in 2003, China F&B controls China Dairy Queen, the largest ice cream restaurant chain in China, and Papa John's Pizza, the second largest pizzeria chain in the country, with over 500 restaurants....
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