HONG KONG -- Asia-focused private equity investor PAG has agreed to buy Japanese restaurant operator Gyro Holdings, its first deal in 2021 in the third-largest global economy, where it hopes to invest several billion dollars in the coming years.
PAG, which manages $45 billion, wants to invest in sectors including manufacturing and consumer-related businesses in Japan. It has no fixed allocation for the nation, and PAG's chief executive officer, Weijian Shan, said the company is willing to deploy even $10 billion in the nation next year.
