PF Chang’s Gets $20 Million Equity Injection From Owner Paulson

Paulson & Co. has invested an additional $20 million in PF Chang’s China Bistro Inc. to help the company fund its growth, according to people with knowledge of the matter.

The closely held restaurant chain will also use the money to fund working capital, the people added. The casual dining chain owns and operates more than 200 restaurants in the US. It also franchises restaurants abroad and sells licensed products in grocery stores.

Last year, P.F. Chang’s embarked on a brand refresh and aimed to expand its footprint, but rising costs and declining guest traffic hampered profitability and ate into ...