Zoyi Capital backs Taiwan Farm Industry

Taipei-headquartered TFI offers a wide range of low and high temperature processed pork products and frozen raw pork products under its own brand. It has a factory in Pingtung county in the southern part of Taiwan.

The company has presence in both the retail and wholesale Taiwanese market, selling meat products to hypermarkets and restaurant chains.

The fresh capital will be used to build a new factory which is expected to double TFI's current capacity, allowing the company to capture new business opportunities and realize scale benefits, Andrew Kuo, founding partner and CEO of Zoyi Capital, said in a statement. The new factory will also meet the standards of overseas market, enabling the producer to strengthen its export business.

Zoyi was set up by Kuo, formerly of The Blackstone Group, and Pei-Pei Yu and Eric Chen, who previously worked for Goldman Sachs and Fullerton Financial, respectively. They focus on leading mid-cap companies operating in China and Taiwan, with a preference for buyout or significant minority positions.

The firm, which is targeting $300 million for its debut fund, made its first investment in March, paying $30-40 million for a controlling stake in Chinese apparel brand Pink Mary. It was followed by a $20 million commitment to Camelot Information Systems, a US-listed Chinese enterprise application and financial IT services provider that is subject to a management buyout offer.

In April, it acquired a minority stake in Vigor Kobo, a Taiwan-based retailer best known for selling pineapple cakes to tourists.

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• Topics
• Greater China
• Consumer
• Expansion
• Taiwan (China)
• Zoyi Capital
• Consumer
• China
• Growth capital