Centerbridge puts P.F. Chang’s Bistro up for sale

Centerbridge Partners and its board said June 29 that it has hired BofA Merrill Lynch and Barclays to explore a potential sale of P.F. Chang’s Bistro. Centerbridge acquired P.F. Chang’s in 2012 for $1.1 billion. The firm recently completed the operational separation of P.F. Chang’s Bistro and Pei Wei Asian Diner into two independently operated businesses. P.F. Chang’s Bistro is a full-service Asian restaurant chain that operates 214 locations in the U.S. and franchising another 93 restaurants in 24 countries globally.

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