P.F. Chang’s To Be Sold To Private Equity Duo

PFChangs2

P.F. Chang’s China Bistro has agreed to a purchase by private equity firms TriArtisan Capital Partners and Paulson & Co.

The companies have not commented, but Bloomberg News reported Jan. 11 that the deal, estimated at around $700 million, is expected to close in the first quarter of 2019.

The Scottsdale, Ariz.-based casual-dining chain operates 214 locations in the U.S. and franchises another 93 restaurants in 24 countries around the world.

P.F. Chang’s has been owned by private-equity firm Centerbridge Partners since 2012, when it took the chain and its fast-casual Pei Wei Asian Kitchen brand private in a deal estimated at $1.1 billion. Centerbridge will reportedly retain ownership of the 200-unit Pei Wei, which split off from P.F. Chang’s in 2017 and moved its headquarters to Irving, Texas.

 

RELATED CONTENT

ChrisParker

Mercer Culinary Appoints National Sales Director

Mercer Culinary has promoted Chris Parker to the role of national sales director.

MUFES2026RegistrationOpens

Registration Opens for FER’s MUFES 2026

Education sessions will cover predictive maintenance, automation, energy use and more topics.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -