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.


EU Weighs New Trade Restrictions on Israeli West Bank Settlements
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal
Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election
The American mass exodus to Canada amid Trump 2.0 has yet to materialize
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher 



