Unitas Capital Pte. Ltd. acquired majority stake in Babela Restaurant Management Co. Ltd. from Carlyle Asia Growth Partners III, L.P. of The Carlyle Group LP and two other investors for $40 million in cash on January 19, 2012. Post acquisition Babela's founder, Chen Xing Wei, will retain his existing stake in the business. Babela Restaurant Management Co. Ltd. will act as platform for Unitas Capital for further expansion. Unitas Partner, Jay Lee, a former Senior Executive of Yum! brands, will work with Chen Xing Wei and the management team of Babela. Richard Barton and Grace Zhang of Kreab Gavin Anderson acted as public relation advisor to Unitas Capital. Howard Zhang, Miranda So, Steven Sha and Wilson Chan of Davis Polk & Wardwell LLP; Haiwen & Partners; Walkers and Chen Bao of Fangda Partners acted as legal advisors to Unitas Capital Pte. Ltd. Zhong Lun Law Firm acted as legal advisor to Babela Restaurant Management Co. Ltd. Unitas Capital Pte. Ltd. completed the acquisition majority stake in Babela Restaurant Management Co. Ltd. from Carlyle Asia Growth Partners III, L.P. of The Carlyle Group LP and two other investors on January 19, 2012.