Bubble Tea Chain Naixue Raises New Funds at $2 Billion Value

Shenzhen-based firm has raised more than $100 million. PAG led the funding round with Yunfeng Capital co-investing. The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management […]

Investor PAG hunts for billion-dollar private equity deals in Japan

Asia-focused fund adds two specialists to scoop up noncore ops in corporate overhauls Hong Kong-based investment firm PAG looks to build up its private equity portfolio in Japan through deals worth hundreds of millions to a few billion dollars each, as Japanese companies increasingly divest noncore operations. PAG welcomes two Japanese investment veterans in January as […]