Apax fonder förvärvar Golden Jaguar

Subsidiaries of Funds advised by Apax Partners (“Apax”) today announced that they haSubsidiaries of Funds advised by Apax Partners ("Apax") today announced that they have entered into a definitive agreement to purchase Golden Jaguar, a leading restaurant operator in China. The transaction is subject to customary closing conditions.

Founded in 2003 and headquartered in Shanghai, Golden Jaguar has grown rapidly in recent years with locations in Shanghai, Beijing and in six other cities across China. Golden Jaguar offers its customers well over 400 dishes from Chinese, Asian, and international cuisines in an all-you-can-eat style. Golden Jaguar stores are typically 5,000m2 and are located in shopping malls, department stores and stand alone locations with a minimum of 400 seats. Golden Jaguar also provides wedding banquet services to thousands of Chinese couples per year. Golden Jaguar's core customers are China's rising middle class and the business will continue to benefit from the country's rapidly rising domestic consumption power.

Apax's investment in Golden Jaguar follows its global strategy of investing in leading companies in its five sectors that have strong market positions and significant growth opportunities. Apax has focused on the trend of increased domestic consumption growth in China and, specifically, in the Food, Beverage and Restaurant sub-sector within its Retail and Consumer Group. Apax will leverage its investment expertise in this sub-sector to assist Golden Jaguar during its transition from a family-owned business to a professionally run business executing an accelerated expansion plan throughout China. The investment marks a control buyout as Apax is acquiring 100% of the equity in Golden Jaguar, prior to management rollover.
Richard Zhang, Partner at Apax and Head of Apax Greater China said: "Apax is focused on identifying and capturing consumer and retail opportunities that capitalise on China's continued robust economic development in general and domestic consumption growth in particular. Golden Jaguar has an attractive business model and a proven track record. We believe there are substantial opportunities to extend the company's footprint across China while continually improving operational performance in the years to come. The Retail and Consumer Group and the local China office worked together on this opportunity to invest significant capital in Golden Jaguar and make a control investment in one of the most dynamic consumer spaces in China."

Alex Pellegrini, Partner in the Retail and Consumer Group at Apax said: "We are excited to kick off this new chapter in the history of Golden Jaguar. We look forward to being a value-added partner for Golden Jaguar through a combination of our global Food, Beverage and Restaurant expertise and our local Chinese presence."

Apax has deep retail and consumer business expertise and a successful track record of investing in this sector. During their history, funds advised by Apax have invested approximately €4.3bn in retail and consumer businesses. Current and historic notable investments in this sector include Tommy Hilfiger, the leading global lifestyle brand, Advantage Sales & Marketing, the leading North American provider of outsourced sales and marketing services to consumer packaged goods companies and retailers in North America, Tnuva, the largest manufacturer and distributor of diary and other food products in Israel and Takko, a growing value fashion retailer in Europe.ve entered into a definitive agreement to purchase Golden Jaguar, a leading restaurant operator in China. The transaction is subject to customary closing conditions.

Founded in 2003 and headquartered in Shanghai, Golden Jaguar has grown rapidly in recent years with locations in Shanghai, Beijing and in six other cities across China. Golden Jaguar offers its customers well over 400 dishes from Chinese, Asian, and international cuisines in an all-you-can-eat style. Golden Jaguar stores are typically 5,000m2 and are located in shopping malls, department stores and stand alone locations with a minimum of 400 seats. Golden Jaguar also provides wedding banquet services to thousands of Chinese couples per year. Golden Jaguar’s core customers are China’s rising middle class and the business will continue to benefit from the country’s rapidly rising domestic consumption power.

Apax’s investment in Golden Jaguar follows its global strategy of investing in leading companies in its five sectors that have strong market positions and significant growth opportunities. Apax has focused on the trend of increased domestic consumption growth in China and, specifically, in the Food, Beverage and Restaurant sub-sector within its Retail and Consumer Group. Apax will leverage its investment expertise in this sub-sector to assist Golden Jaguar during its transition from a family-owned business to a professionally run business executing an accelerated expansion plan throughout China. The investment marks a control buyout as Apax is acquiring 100% of the equity in Golden Jaguar, prior to management rollover.
Richard Zhang, Partner at Apax and Head of Apax Greater China said: “Apax is focused on identifying and capturing consumer and retail opportunities that capitalise on China’s continued robust economic development in general and domestic consumption growth in particular. Golden Jaguar has an attractive business model and a proven track record. We believe there are substantial opportunities to extend the company’s footprint across China while continually improving operational performance in the years to come. The Retail and Consumer Group and the local China office worked together on this opportunity to invest significant capital in Golden Jaguar and make a control investment in one of the most dynamic consumer spaces in China.”

Alex Pellegrini, Partner in the Retail and Consumer Group at Apax said: “We are excited to kick off this new chapter in the history of Golden Jaguar. We look forward to being a value-added partner for Golden Jaguar through a combination of our global Food, Beverage and Restaurant expertise and our local Chinese presence."

Apax has deep retail and consumer business expertise and a successful track record of investing in this sector. During their history, funds advised by Apax have invested approximately €4.3bn in retail and consumer businesses. Current and historic notable investments in this sector include Tommy Hilfiger, the leading global lifestyle brand, Advantage Sales & Marketing, the leading North American provider of outsourced sales and marketing services to consumer packaged goods companies and retailers in North America, Tnuva, the largest manufacturer and distributor of diary and other food products in Israel and Takko, a growing value fashion retailer in Europe.