Private equity firm CVC Capital has acquired a controlling stake in Chinese QSR chain Da Niang Dumpling.

Founded in 1996, Da Niang operates over 440 stores in 19 provinces across China.

“Da Niang is a leading player in the fast growing Chinese quick-service restaurant sector and the number one dumpling chain operator, with a strong and stable management team. Our significant experience in the sector will help solidify Da Niang’s market leadership, and we look forward to partnering with the management to take the company to the next level,” said Francis Leung, chairman of Greater China and MD of CVC.

Last year, CVC also acquired 69 per cent stake in Chinese food chain South Beauty.