Bain, China's Yonghui pay $413m for US retailer services player
Bain Capital Private Equity has teamed up with Chinese supermarket chain Yonghui Superstores to buy Daymon Worldwide, a global retailer services company that specializes in areas such as branding, sourcing and marketing, for $413 million including debt.
Shanghai-listed Yonghui said in a filing that it would take a 40% interest in the business for $165 million, although its cash contribution excluding overseas bank loans and other debt financing is $94...
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