Source: Inside Retail
The Cheesecake Shop is to have new owners. Aussie based investment River Capital has entered into an agreement to acquire The Cheesecake Shop Group (TCS) for an undisclosed amount from existing owners PAG Asia Capital.
The existing TCS management team has retained a shareholding in the business, ensuring a smooth transition and continuity of operation.
Josh Ludski, manager of direct investment at River Capital, revealed complementary acquisitions are part of the strategy to grow the business.
River Capital’s active involvement will see Ludski and executive director Jim Craig join the TCS board, with ex-Domino’s Pizza executive Andrew Rennie joining as chair and an independent investor.
Ludski said: “River Capital and Andrew have a strong relationship spanning the last decade.
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