Announced
Completed
Financials
Tags
Single Bidder
Completed
Private
China
Restaurants and Bars
Friendly
catering technology
Domestic
Acquisition
Minority
Private Equity
Synopsis
Centurium Capital, a private equity investment firm, led a $100m Series E fundong round in Meican, a SaaS-based group catering technology company. "Serving two huge markets of business services and catering, Meican has built a very unique business model and developed innovative solutions through years of hard work. We believe there is still a huge unmet demand from corporate clients and their employees for modern, standardized and diversified group catering services. Meican has grown significantly over the past several years, connected a large number of traditional catering service providers, and accumulated deep industry expertise. We are pleased to partner with Meican to support the Company's expansion and help them to continue to upgrade their product and service offerings," Gary Liu, Centurium Capital Managing Director.
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