High interest rates sharpen focus on proven profit growth
Private equity firms are paying closer attention to South Korea’s restaurant scene, a fast-moving market adept at turning both Korean and foreign food franchises into scalable businesses.
In particular, the pattern has involved what financiers call bolt-on acquisitions, in which private equity firms buy smaller, related businesses and fold them together as part of a larger platform.
MBK Partners, for instance, backed Dining Brands Group around BHC Chicken, later adding brands such as Outback S
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