Minor Food and Serruya Private Equity Acquire Bonchon International

Consumer Discretionary · United States · SPE's share undisclosed; Minor Food's net investment US$50 million

Minor Food, a wholly owned subsidiary of Minor International, and Serruya Private Equity agreed on August 11, 2026 to acquire Bonchon International from existing shareholders VIG Partners and Mr. Seo & Family, with the deal expected to close by the end of August 2026. Minor Food's net investment is a disclosed US$50 million, taking ownership of the Bonchon brand and operations globally outside the Americas; SPE's investment amount was not disclosed, and it takes ownership and operating control of the business across the Americas, with plans to expand into Canada, Mexico and Chile. William Blair served as lead financial adviser to Bonchon International, with BDA Partners as co-adviser.