Lombard Cooks Up a Sizzling New Investment in China: Overseas Dragon's Fast-Fresh Restaurant Chain

SAN FRANCISCO, Feb. 7, 2011 /PRNewswire/ -- Lombard Investments is pleased to announce the acquisition of a controlling interest in Hong Kong-based Overseas Dragon China, one of the leading Quick Service Restaurants in Asia.  Overseas Dragon serves fresh, affordable Taiwanese-style cuisine through a rapidly growing chain of more than 90 outlets located throughout Shanghai.  Lombard will work with the Company's founder to introduce new food offerings, deepen the management team, and continue expansion throughout metro-Shanghai and into nearby provinces.

Thomas J. Smith, Managing Director of Lombard, said "We are very pleased to be working with Overseas Dragon's visionary founder, and we look forward to contributing to the next stage of significant growth in China's dynamic fast food industry.  The Company enjoys an extraordinary reputation for high quality fresh food, and is well positioned to benefit from rising domestic demand in Shanghai, China's fastest growing city."

About Lombard:

Lombard is a leading international private equity investment manager with offices in Bangkok, Hong Kong and San Francisco, and extensive working relationships in Manila, Ho Chi Minh City, Shanghai and Taipei.  Formed in 1985, Lombard has made more than 90 controlling and significant minority investments in Asia and North America.  The firm's investors include some of the world's largest and most respected financial institutions, major pension funds and corporations, as well as family investment offices in Asia, North America and Europe. Lombard made its investment in Overseas Dragon China through Lombard Asia III, the firm's Emerging Asia private equity fund.  (www.lombardinvestments.com)

SOURCE Lombard Investments

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