Hong Kong investment company Pacific Alliance Group (PAG) is bidding for a 100 percent share of South Korean burger chain Mom’s Touch & Co.
In July, Mom’s Touch’s owner, private equity group KL& Partners, recruited Bank of America Securities as a lead manager for the bidding process, hoping to get $801.9 million for the deal.
But with the purchasing frenzy having subsided in recent months, KL& Partners expects to close the Mom’s Touch sale at a reduced price.
Goldman Sachs, Yum!, Brands, and CJ Group, one of South Korea’s largest family-owned business enterprises, have expressed interest in the acquisition but did not participate in the bidding process.
Mom’s Touch, founded in 1998, has 1363 stores, the most among Korean fast-food chains.
It has operations overseas, including in Vietnam.
PAG’s strategy is to expand in Asian markets and purchased Gyro Holdings, the operator of a portfolio of restaurant and cafe brands in Japan, last year.


AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Denso Cuts Profit Forecast Amid U.S. Tariffs and Rising Costs
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 



