US-based private equity firm Golden Gate Capital announced that it has agreed to sell its remaining stake in fish and seafood restaurant chain Red Lobster Seafood Co to a group of investors that include existing investor Thai Union Group.
The investor group, coming together under a new company named Seafood Alliance, also includes Paul Kenny, the former chief executive of one of the larger casual dining and fast-food operators in Asia; Rit Thirakomen, CEO of MK Restaurant Group, a Thai restaurant chain; and members of Red Lobster management.
