Private investment firms acquire P.F. Chang's China Bistro
Today, the company operates more than 200 company-owned restaurants and over 90 franchised locations globally across 24 countries.
Paulson & Co. Inc., New York, and TriArtisan Capital Advisors LLC, New York, acquired P.F. Chang's China Bistro, Inc., Scottsdale, Ariz., from Centerbridge Partners, L.P., New York.
"We want to thank Centerbridge Partners for their strong support of P.F. Chang's,” says Jim Bell, chief executive officer of P.F. Chang's. “We are fortunate to have a partnership with Paulson and TriArtisan, which will allow us to implement a collaborative growth strategy. Paulson and TriArtisan bring financial strength and expertise that will allow us to grow our dine-in and off-premises channels both domestically and internationally."