Monday, January 14, 2019

Debt-Burdened P.F. Chang’s Reportedly Sold

FSR Magazine
P.F. Chang’s is officially on the move again. The Chinese chain entered into an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co. Inc, according to a private notice sent to investors and reported on by Bloomberg News. Bloomberg revealed Monday that the company was near a sale for about $700 million from its current owner, Centerbridge Partners LP.

Per the notice, the deal is expected to close in the first quarter of 2019.. . . more