Primavera Capital Group to acquire child nutrition business of Reckitt for $2.2bn.

Primavera Capital Group, a China-based global investment firm, agreed to acquire child nutrition business of Reckitt, a British consumer goods maker, for $2.2bn. "WWe have considerable experience investing and growing and expanding global brands in China. We are excited to support the business in its next phase of growth, leveraging our resources and local leadership," Dr. Fred Hu, Primavera Founder and Chairman.