BIP Opportunities Fund has taken a minority interest in the Pan-Asian restaurant concept
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Erin Dostal
Atlanta-based private equity firm BIP Opportunities Fund has announced that it will take a minority interest in Tin Drum Asiacafe, a fast-casual, Pan-Asian restaurant concept.
Terms of the deal were not disclosed.
“Of course, it’s about growth,” said Steven Chan, chief executive officer for the Atlanta-based concept, noting that Tin Drum will speed up growth during the first quarter of next year as a result of BIP's investment.
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As of publication, Tin Drum has nine locations in Georgia and one in Alabama, with an eleventh location opening in Atlanta on Sept. 9. Chan said by...
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