Despite Scandals, PE Still Has Appetite for Chinese Food and Beverage Deals
Investors in China are literally putting their money where their mouths are. Capital invested by financial sponsors in China’s food and beverage sector rose by almost 10% last year, as the industry continues to consolidate and demand for higher quality goods prompts a need for stronger company operations. Although other sub-sectors catering to Chinese consumers, […]
Asia Private Equity Weekly News, April 29, 2013
HONG KONG, Apr 29 (Reuters) – News and developments in Asia private equity from Reuters News for the week ending April 26. TPG CAPITAL is putting China's UniTrust Finance & Leasing Corp up for sale, seeking $800 million, and has hired Morgan Stanley and UBS to handle the deal, people with knowledge of the matter […]
Lunar Invests in Chinese Beef Snack Company
Shanghai private equity firm Lunar Capital has bought a majority stake of about 70% in Chinese snack food maker Guizhou Yonghong Food Co., committing up to $50 million to the company. The deal represents one of a handful of Chinese buyouts in a market where private equity investors typically take minority shareholdings in portfolio companies. […]
