Apax To Sell Golden Jaguar To Carnival Group For $33M

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 Invests In Chinese Food Ingredient Maker Cabio

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 Closes $400M Deal To Acquire 18% Of Fujian Sunner

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.

CDH Invests $23M In Zhongding Dairy Farming

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.

PE-Backed Hunan Juewei Files For Shanghai IPO

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.