Announced
Financials
Sources
Tags
Food Retailers and Wholesalers
Completed
Private
Domestic
China
Friendly
Minority
supermarket chain
Single Bidder
Acquisition
Private Equity
Synopsis
CMB International, a provider of investment banking services, and Tiantu Capital, a private equity company, led a $300m Series D round in Guoquan Shihui, a Chinese convenience store chain. With the new financing, the firm will further march into the market in China's third and lower-tier cities. It also plans to explore business opportunities in the fresh produce field with its first fresh produce factory in east-central China's Zhengzhou City.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.