Announced
Financials
Tags
Acquisition
Friendly
Majority
Single Bidder
Food Products
dairy products
food products
Hong Kong
Private Equity
Pending
China
Private
Synopsis
Private equity firms, Ping An Capital, Primavera Capital Group, and Junqian Management, are set to acquire a 51% stake in Junlebao, a dairy product maker for $568m. “We are optimistic about the long-term growth of the Chinese dairy market. Changes in the dairy industry are in favor of the future development of Junlebao,” Tian Tuo, Ping An Capital Managing Director.
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