Jollibee shells out S$90m in F&B investment fund
The fund aims to either bolster Asia Pacific food brands or bring strong brands to Asia.
Jollibee is making a S$90m ($66.70m) investment in a private equity fund which will be used to finance strategic investments in food and beverage concepts to further grow Asia Pacific food service brands and/or bring strong global food service brands to Asia Pacific.
In a bourse filing, Jollibee Food Corporation, through its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) announced that it is making a capital call commitment to Titan Dining II LP, a private equity fund managed by Titan Dining Partners Ltd.
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The fund size of Titan Fund II will be S$100m, with JWPL having a 90% participating interest in the fund.
“Titan Fund II will be managed by Titan Dining Partners II Ltd., consisting of individuals with extensive experience in the food and beverage sector in the Asia Pacific Region,” Jollibee said.
Earlier this year, Jollibee also made a similar investment to expand the dim sum restaurant chain Tim Ho Wan.
