Deals
Navis Said to Buy Singapore’s Super Peking Duck Restaurant Chain
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Navis Capital Partners Ltd. has agreed to buy control of Imperial Treasure Restaurant Group Pte, the Singapore company known for its “Super Peking Duck” eateries, a person with knowledge of the matter said.
The Malaysian buyout firm will pay S$60 million ($45 million) to S$80 million for a majority stake in Imperial Treasure, the person said, asking not to be named as the information is private. The investment will help accelerate Imperial Treasure’s expansion in China as well as in fine-dining cuisine, according to the person.