Banyan Capital has led a RMB140 million (US$21 million) series B round in Relashenghuo, a chain snack store operator specializing in spicy red crayfish.
Horizons Ventures, a Hong Kong-based technology-focused venture capital firm founded by tycoon Li Ka-shing, has participated in a US$75 million founding round in Impossible Foods, a California-based start-up producing vegetable-based meat substitute products.
Chinese conglomerate Fosun Group and Shanghai Stock Exchange-listed Beijing Sanyuan Foods Co., Ltd. have unveiled plans to acquire French margarine maker St Hubert SAS for €625 million (US$733 million).
Juewei Food Co., a Chinese food retailer best known for its marinated duck necks and chicken feet, said it has agreed to establish a joint venture industry fund with food delivery app Ele.me to invest in companies operating in the catering industry.
Joyvio Group, a Legend Holdings portfolio company focused on the investment of agricultural assets, has made a RMB300 million (US$44 million) strategic investment in Chinese snacks maker Huawen Food, according to an announcement.
H Capital has led a RMB83 million (US$12.5 million) new round of financing in Chinese food catering firm Funye, according to a company announcement.
Shanghai Yiguo Electron Business Ltd. and GMK Holdings have led a RMB120 million (US$18 million) series A round in Youpeiliangpin, an agricultural products supply chain and delivery platform.
KKR & Co. L.P. has completed an undisclosed investment in Chinese aquatic feed company Yuehai Feed Group Co. Ltd., in a bet on rising consumer demand for safe fish and seafood in the country, according to an announcement.
Beijing-based Chinese online grocery store Womai.com, backed state-owned food conglomerate COFCO, has raised US$200 million series C financing led by Taikang Life Insurance Company Limited and Baidu Inc., according to Chinese media reports.
Baring Private Equity Asia has acquired a 40% stake in U.K.-based manufacturer of cereals and cereal bars, Weetabix Food Company, to help the company expand in China, according to a company announcement.
KKR & Co. and CDH Investments have agreed to sell their holdings in two joint venture dairy farms to China Modern Dairy, in exchange for a 9% stake in the Maanshan, Anhui province-based Chinese dairy firm, according to a regulatory filing.
London-headquartered private equity firm Apax Partners has agreed to sell Chinese high-end restaurant chain Golden Jaguar to Hong Kong-listed Carnival Group International Holdings for HK$253.4 million ($33 million), according to a regulatory filing. Apax Partners acquired the buffet-style restaurant chains in 2011, reportedly for US$250 million. Due to China’s anti-corruption campaign and the company’s own management problems, Golden Jaguar has suffered losses in the past few years. Golden Jaguar operates 29 restaurants across 19 cities in China at the end …
Cathay Capital Private Equity has invested in Cabio Bioengineering (Wuhan) Co., Ltd., a Chinese company that focuses on natural food ingredients production, according to a company announcement. Cathay Capital, investing through its Sino French (Midcap) Fund, is to hold a 25% minority stake in the company after the completion of the transaction. Financial details were not disclosed. The private equity firm is planning to expand the company’s reach to European and American markets.
KKR & Co. has closed a US$400 million deal to acquire an 18% stake in Shenzhen-listed chicken meat producer, Fujian Sunner Development Co., Ltd., according to a company announcement. KKR acquired Sunner shares at RMB12.3 (US$2) per share, in a transaction first announced in August 2014. The new strategic partnership between the two parties aims to expand Sunner’s operations in order to provide safe chicken products to increasingly discerning Chinese consumers who seek high‐quality meats.
Hebei province-based dairy firm Zhongding Dairy Farming has received RMB400 million (US$64 million) financing from CDH Investments and other undisclosed investors, according to Chinese media reports. Among the investors, CDH agreed to inject RMB140 million (US$23 million). The company will use the proceeds to expand its dairy assets network.
Changsha city, Hunan province-based Chinese snack food maker Hunan Juewei Food Co., Ltd. has filed for an IPO on the Shanghai Stock Exchange, according to a regulatory filing. Juewei is planning to issue up to 90 million new shares, and issuing price is yet to be determined. Founded in 2008, Hunan Juewei received RMB260 million (US$42.4 million) investment in 2011 led by Beijing-based private equity firm JD Capital and Fosun Group’s venture capital arm, Fosun Venture Capital Investment.
Chinese pork producer WH Group has completed an IPO today in Hong Kong, selling 2.567 billion shares at HK$6.20 per share, raising a total of HK$15.9 billion (US$2 billion).
Beijing-based Chinese online grocery store Womai.com has completed US$100 million series B financing led by IDG Capital, according to a company announcement.