Max's Group To Nab Control of $86.6M Pancake House

Law360, New York (January 17, 2014, 2:26 PM EST) -- Philippine investor Max's Group of Companies' will take control of the Manila-based Pancake House  Inc. in a series of deals, including a stake buy from private equity firm Aureos Capital, that values the restaurant chain at 3.9 billion Philippine pesos ($86.6 million), according to a Friday investor filing.

Per the deals, two of Dubai-based Aureos' funds and current controlling shareholder Pancake House Holdings Inc. will hand over their 76.7 percent stakes in Pancake House for about 15 Philippine pesos per share, according to a filing with...
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