Long wait ahead for PEs looking to exit SE Asia's COVID 19-hit F&B chains

Long wait ahead for PEs looking to exit SE Asia's COVID 19-hit F&B chains

Vegetables and a pizza.

In the last decade, Southeast Asia was a magnet of sorts for private equity investments, notably in the restaurant chain business. Smitten by the purchasing power of the region’s growing middle-class, PE majors like L Catterton Asia and Everstone Capital flocked to buy stakes in chains such as Singapore’s Crystal Jade and Burger King Indonesia.

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