P.F. Chang’s To Trade P.E. Owners, Firebirds Purchased, Chain M&A Continues Active

The chain restaurant M&A spree continued unabated in early 2019, with two prominent full-service brands involved last week. P.F. Chang’s P.E. owner Centerbridge Partners announced it is selling the chain to two other investment firms, TriArtisan Capital Partners and Paulson & Co. Centerbridge maintains ownership of fast-casual Pei Wei, which it split from Chang’s in…