Update - MSPEA buys restaurant manager Nolboo
Morgan Stanley Private Equity Asia (MSPEA) has completed its first acquisition in Korea since seeing the departure of four key executives nearly 18 months ago, closing a transaction that has garnered praise from industry peers but also raises questions.
The private equity firm last week reportedly purchased a 70% stake in Korean restaurant chain Nolboo for approximately $110 million. The target company has 700 outlets across eight franchise chains in...
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