P.F. Chang's Is Nearing $700 Million Sale to Triartisan

  • Firm is talking to lenders about financing potential deal
  • Centerbridge Partners acquired Chinese food bistro in 2012
A P.F. Chang's restaurant in Schaumburg, Illinois, U.S.Photographer: Scott Olson/Getty Images
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TriArtisan Capital Advisors is in exclusive talks to acquire Chinese food restaurant P.F. Chang’s for as much as $700 million from rival private equity firm Centerbridge Partners, according to people with knowledge of the matter.

TriArtisan is talking with lenders about financing a potential deal for P.F. Chang’s, said one of the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, they said.