Unitas backs Chinese casual dining chain Babela’s
Unitas Capital has invested $40 million in Chinese restaurant chain Babela’s Group, best known for operating an Italian-themed casual dining chain that has over 120 outlets in Shanghai and Beijing, as well as in tier-two and tier-three cities. The company also owns Cantonese restaurant chain Bamboo Bifengteng and Taiwanese dessert chain Aha!.
Unitas is acquiring stakes in the company from three minority investors and will work in partnership with Xingwei Chen, the founder of Babela's Group, who retains his interest in the business. The exiting...
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