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Announced

TPG and Northstar Group to acquire an 80% stake in Japfa's dairy unit for $236m.

Financials

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Transaction Value£182m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

dairy consumer products

Food Products

Cross Border

Singapore

Private

Friendly

Private Equity

Pending

Majority

Single Bidder

Synopsis

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Private equity firms TPG and Northstar Group agreed to acquire an 80% stake in a Singapore-based food company Japfa's dairy unit for $236m. The partnership will help drive Japfa's dairy business in Southeast Asia, where demand for products such as milk and yogurt is expected to grow in the next few years.

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