M&A Deal Summary

Unitas Capital Acquires Babela Restaurant Management

On January 31, 2012, private equity firm Unitas Capital acquired restaurant Babela Restaurant Management from The Carlyle Group for 40M USD

Acquisition Highlights
  • This is Unitas Capital’s 2nd transaction in the Restaurants sector.
  • This is Unitas Capital’s 9th largest (disclosed) transaction.
  • This is Unitas Capital’s 2nd transaction in China.

M&A Deal Summary

Date 2012-01-31
Target Babela Restaurant Management
Sector Restaurants
Buyer(s) Unitas Capital
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Deal Value 40M USD

Target

Babela Restaurant Management

Shanghai, China
Babela Restaurant Management Co. Ltd. is a multi-branded restaurant platform with a significant footprint in Shanghai and Beijing. Babela, the company's flagship brand, is a Italian-themed casual dining chain with over 120 stores nationwide. The company also operates Bamboo Bifengtang, a Cantonese dim sum dining concept, and Aha, which are Taiwanese style dessert outlets.

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Buyer(S) 1

Buyer

Unitas Capital

Hong Kong, China

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 14 of 17
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (China) 2 of 4
Year (2012) 1 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-25 Quiznos

Denver, Colorado, United States

Quiznos is engaged in franchising and operating quick-service restaurants commonly known for toasted sub-style sandwiches with approximately 4,000 operating units around the world. Quiznos was founded in 1981 and is based in Denver, Colorado.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-13 NEPA

Seoul, South Korea

NEPA is an outdoor player which designs and manufactures a full line of outdoor apparel and equipment under its proprietary NEPA brand. NEPA also distributes its products through over 300 exclusive stores. NEPA was founded in 2012 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 191 of 443
Sector (Restaurants) 2 of 6
Type (Secondary Buyout) 36 of 114
Country (China) 7 of 28
Year (2012) 3 of 29
Size (of disclosed) 123 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 BioReliance

Rockville, Maryland, United States

BioReliance provides critical services that include biologic, specialized toxicology and animal health testing to pharmaceutical, biopharmaceutical, diagnostics, and other life science customers worldwide.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Dynamic Offshore Resources

Houston, Texas, United States

Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

Sell $1.3B