Canada pension invests in Korean fried chicken brand valued at $1.7 bn
Chae-Yeon Kim Dec 16, 2020 (Gmt+09:00) ENG The Ontario Teachers' Pension Plan (OTPP) has agreed to invest 300 billion won ($275 million) in South Korea’s leading fried chicken brand BHC Group, valuing the franchise at 1.8 trillion won ($1.7 billion), according to investment banking sources on Dec. 16. The Canadian pension fund has recently signed an agreement to buy shares in a special purpose company (SPC) that owns BHC from its existing shareholders, including Asia-based Elevation PE. The SPC was formed in 2018 by BHC Chairman Park Hyun-jong, MBK Partners’ inaugural Special...
Source: kedglobal.com