P.F. Chang’s Sold Again

Scottsdale, AZ-based restaurant brand P.F. Chang’s China Bistro was officially acquired by investment management firm Paulson & Co. and private equity investing company TriArtisan Capital Advisors. The Asian cuisine chain had been owned by private investment management firm Centerbridge Partners since 2012.

Financial terms of the P.F. Chang’s transaction, which was announced in January, were not disclosed. But the deal was reportedly valued at $700 million. The new owners say that they plan to grow P.F. Chang’s dine-in and off-premises channels both domestically and internationally.

Founded in 1993, P.F. Chang’s has become known for authentic, made-from-scratch Asian cuisine with focus on high-quality, fresh ingredients. The company currently operates more than 200 company-owned restaurants and over 90 franchised locations globally across 24 countries.

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Author: Melissa Dowling {authorlink}