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New Deal


Announced

Completed

PAG led a c.$100m series C funding round in Shenzhen Pindao Restaurant Management.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Majority

China

Soft Drinks

Private

Venture Capital

Acquisition

tea drinks

Friendly

Private Equity

Domestic

Synopsis

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PAG led a c.$100m series C funding round in Shenzhen Pindao Restaurant Management, which operates as a a brand of freshly roasted tea drinks. Yunfeng Capital also participated in a round. The bubble tea chain owner is considering an initial public offering in Hong Kong, after the coronavirus outbreak clouded its earlier plans for a US listing. Nayuki in February filed confidentially for an offering in the US.

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