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Announced

Completed

Advent completed the investment in Wagas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Acquisition

baking products

Food Products

Private

Private Equity

Friendly

Single Bidder

China

bakery chain

Majority

Completed

Synopsis

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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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