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Private Equity
FINANCIAL | Investment Firms & Funds

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Stage

Corporate Majority | Acquired

Total Raised

$33.7M

About Titan Dining

Titan Dining is a private equity fund.On October 20th, 2020, Jollibee acquired a majority stake in Titan Dining. The terms of the transaction were not disclosed.

Titan Dining Headquarter Location

Singapore

Latest Titan Dining News

Jollibee takes full control of Tim Ho Wan business

Aug 12, 2021

Jollibee Foods Corp (JFC) is to buy out its minority joint-venture partners in the private-equity firm that owns the Tim Ho Wan business, giving the Philippine company full control. Jollibee Worldwide, which already owns 85 per cent of Titan Dining, will pay US$52.7 million for the remaining stake in the business which owns the brand and the company-owned stores. JFC and Titan Dining established a joint venture in September last year to open a Tim Ho Wan restaurant in Shanghai and now plans to expand the network to 100 stores within four years. “JFC aims to build as an important part of its portfolio a significant business serving Chinese cuisine in different parts of the world,” the company said in a statement. Tim Ho Wan was founded by Mak Kwai Pui – previously of three Michelin starred Lung King Heen restaurant at Hong Kong’s Four Seasons Hotel – and partner Leung Fai Keung. The two chefs opened their first 20-seater top dim sum eatery in Mongkok in 2009. Under private-equity ownership – and latterly JFC’s control – the chain has expanded to 53 restaurants across Asia. Post Views: 6

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