South Korean cafe A Twosome Place sold to Carlyle Asia Partners

The buyer is looking to strengthen the brand and optimize its store footprint.

South Korean cafe chain operator A Twosome Place has been sold to an affiliated entity of private equity firm Carlyle Asia Partners from Anchor Equity Partners at an undisclosed amount, a press release revealed.

Carlyle is looking to leverage its consumer and retail industry experience, global network and resources to further strengthen the A Twosome Place brand, optimize its store footprint, and enhance its product offerings and marketing capabilities, the company said.

Established in 2002 and currently operating over 1,400 stores, A Twosome Place markets itself as a “premium dessert café”, offering a variety of cake and dessert choices for consumers which differentiate it from peers.

Carlyle has been investing in South Korea for more than 20 years. The company has been investing in the consumer and retail sector, having deployed more than $24b of equity in over 135 consumer and retail transactions globally as of September 2021.