Announced
Completed
Financials
Sources
Tags
Cross Border
Acquisition
baking products
Food Products
Private
Private Equity
Friendly
Single Bidder
China
bakery chain
Majority
Completed
Synopsis
Advent, a US-based buyout firm, completed the investment in Wagas, a Chinese healthy food and bakery chain. Financial terms were not disclosed. Wagas, which had been looking to offload its business since last year, was reportedly looking to hit nearly $188m in sales.
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