Chinese private equity firm Hony Capital raised about two-thirds of the $1.54 billion it agreed to pay for the British restaurant chain last month.
August 05, 2014 at 01:51 AM
1 minute read
The original version of this story was published on Global Lawyer News
Linklaters and Weil, Gotshal & Manges have had the lead roles on Chinese private equity firm Hony Capital’s $1 billion financing to fund its recent acquisition of British restaurant chain PizzaExpress Ltd.
Earlier last month, Hony Capital agreed to buy PizzaExpress for $1.54 billion from London-based private equity firm Cinven Partners. Beijing-based Hony Capital was founded in 2003 by Legend Holdings Corp., parent of Chinese computer maker Lenovo Group Ltd. and manages $7 billion in assets.
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