Funds Advised by Apax Partners acquire Golden Jaguar in China
26 July 2011
Shanghai, China, 26 July 2011
Subsidiaries of Funds advised by Apax Partners ("Apax") today
announced that they have completed the acquisition of Golden Jaguar
restaurant chain in the People's Republic of China.
Founded in 2003 and headquartered in Shanghai, Golden Jaguar has
grown rapidly in recent years and now has multiple locations in
Shanghai and Beijing as well as six other cities across
China. The buffet-style restaurants serve China's rising
urban middle classes and offer their customers a huge array of
Chinese and international dishes including limitless Haagen
Dazs. Golden Jaguar also provides wedding banquet
services to thousands of Chinese couples per year.
Located in shopping malls, department stores and stand-alone
locations, the stores are roughly the size of an American football
field, and can accommodate 500 or more diners in one sitting,
making them ideal anchor tenants for new large-scale shopping
centres in Chinese cities.
Apax will leverage its expertise in fast growing consumer
businesses to invest in the business and accelerate the expansion
of Golden Jaguar's proven format into cities across China. It will
also assist in the transition from a family-owned business to a
professionally run operation.
Richard Zhang, Partner at Apax and Head of Apax Greater China
said: "Apax is focused on identifying and capturing consumer and
retail opportunities that capitalise on China's continued domestic
consumption growth. Golden Jaguar has an attractive business
model and a proven track record. We believe there are
substantial opportunities to extend the company's footprint across
China while continually improving operational performance in the
years to come. The Retail and Consumer Group and the local
China office worked seamlessly together on this opportunity to
invest significant capital in Golden Jaguar."
Alex Pellegrini, Partner in the Retail and Consumer Group at
Apax said: "We are excited to kick off this new chapter in the
history of Golden Jaguar. We look forward to partnering with
Golden Jaguar's existing management team to accelerate the growth
of the business."
Credit Suisse provided certain financial advisory services to
Apax on this transaction.
Apax has deep retail and consumer business expertise and a
successful track record of investing in this sector. During their
history, funds advised by Apax have invested approximately €4.3bn
in retail and consumer businesses. Current and historic notable
investments in this sector include Tommy Hilfiger, the global
lifestyle brand, Advantage Sales & Marketing, the leading North
American provider of outsourced sales and marketing services to
consumer packaged goods companies and retailers in North America,
Tnuva, the largest manufacturer and distributor of diary and other
food products in Israel and Takko, a fast growing value fashion
retailer in Europe.
About Apax Partners
Apax Partners is one of the world's leading private equity
investment groups. It operates across the United States, Europe and
Asia and has more than 30 years of investing experience. Funds
under the advice and management of Apax Partners globally total
around $40 billion. These Funds provide long-term equity financing
to build and strengthen world-class companies. Apax Partners Funds
invest in companies across its global sectors of Tech &
Telecom, Retail & Consumer, Media, Healthcare and Financial
& Business Services. For more information visit: www.apax.com.
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