Bellagio, a Shanghai, China-based casual dining chain, has received a private equity investment from Actis.
Founded in 2001 by the Lin Family, and led by Mr. Joseph Han, new Chairman and CEO, Bellagio is renowned for its Taiwanese-style dishes and shaved ice desserts. It currently has 35 restaurants across a number of Chinese cities, as well as Macau and the Philippines.
The investment aims to help the company expand its restaurant network in top-tier Chinese cities such as Beijing and Shanghai, and second-tier cities, including Nanjing, Wuhan and Fuzhou.
Following the transaction, Mr. Fred Lin will remain onboard as General Manager.