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Asian buyout fund to acquire Oporto, Red Rooster owner

Monday, July 8, 2019

A sleeping giant of the local private equity scene is set to mark its awakening with a $450 million-plus purchase of fast food brands business Craveable Brands.

Street Talk understands PAG Asia Capital - a Hong Kong-based private equity firm that recently finalised a new $US6 billion buyout fund - has put the deal to its investment committee and could be ready to sign a transaction as early as Tuesday.

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