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New Deal


Announced

Completed

Centurium Capital led a $100m Series E fundong round in Meican.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Private

China

Restaurants and Bars

Friendly

catering technology

Domestic

Acquisition

Minority

Private Equity

Synopsis

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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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