Foreign investors may join bidding for Outback Steakhouse Credit Suisse targets investors seeking to expand to overseas restaurant markets
Translated by Ryu Ho-joung 공개 2020-06-01 08:00:03
이 기사는 2020년 06월 01일 08:00 thebell 에 표출된 기사입니다.
The possibility is being raised that foreign investors could participate in the bidding for SkyLake Investment-owned Outback Steakhouse Korea.Credit Suisse, which is running the auction, is searching for potential foreign investors in the restaurant chain, sources said on May 28. The investment bank has assigned its Hong Kong-based staff as well as personnel in its Seoul office to work on the sale.
Industry watchers see potential bids from foreign investors seeking to expand into the overseas food service market. They said Outback Steakhouse’s upscale brand image could attract bidders, particularly those who want to enter the Chinese market where western restaurants account for a mere 0.3 percent of the total restaurants according to data from Credit Suisse.
“Outback Steakhouse’s global brand image could help to expand the business to other overseas markets,” an industry insider said. “Investors with a focus on East Asia may consider acquiring the company.”
The Gong Cha Korea deal is a good example. In 2014 private equity firm Unison Capital acquired the Korean unit of Gong Cha before injecting additional capital to buy a controlling stake in the bubble tea chain’s previous parent company Royal Tea Taiwan in 2017. Last year it sold the company to TA Associates which bet on its potential growth from the Japanese market.
“Jollibee also acquired Coffee Bean & Tea Leaf to expand its business to a global scale,” said the industry insider. Filipino restaurant operator Jollibee Foods and Vietnamese franchise brand Viet Thai International bought 100 percent of the coffee franchise from the Mirae Asset Private Equity-led consortium for $350 million in 2019.
(Reporting by Byung-yoon Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 스튜디오산타클로스ENT, 주주권익 보호 '구슬땀'
- 이에이트, AI 시뮬레이션·디지털 트윈 기술 선보여
- MBK, '몸값 2조' 지오영 인수 SPA 체결 임박
- [2024 더벨 글로벌 투자 로드쇼-베트남]한인이 설립한 RCE, 세계 첫 ‘중장비 온라인 중고거래’
- 회계법인 해솔, 부동산 타당성 자문 업무협약
- [2024 더벨 글로벌 투자 로드쇼-베트남]베트남의 지오영 '바이메드'·전기오토바이 '셀렉스' 눈길
- 지아이에스, 코스닥 상장 위한 예비심사신청서 제출
- [꿈틀대는 토큰증권 시장]'업계 표준' 루센트블록, '두자릿수' 레코드 조준
- [Company & IB]조달 '막바지' 롯데그룹, 롯데케미칼에 쏠리는 눈
- '910억 CB 발행' 아스트, 경영 정상화 속도 낸다