Deliberations are ongoing and there is no guarantee that Sun Venture, which is backed by Taiwanese and Singaporean investors, will proceed with the deal, the people said. Representatives for Sun Venture and PSGourmet didn’t immediately respond to requests for comment by phone, email and LinkedIn.
PS.Cafe, which is known for dishes such as truffle shoestring fries as well as cakes, puddings and tarts, opened its doors within the Projectshop clothing store in Singapore in 1999, according to its website. The PSGourmet group now includes 10 PS.Cafes, Anglo-Chinese brand Chopsuey Cafe and contemporary Japanese restaurant JYPSY. The group has two outlets in Shanghai, opening the first in 2018.
Sun Venture was established in 2006 and invests globally in asset classes such as public equities, fixed income, private market funds and real estate, as well as private equity and alternatives, its website shows. Its private equity portfolio also includes content delivery network provider Conversant and freight and logistics solutions company Satsaco.
