Wattle Hill bids for Australia's Capilano Honey, targets China growth
Wattle Hill RHC, a private equity firm that targets Australian businesses with products and services that appeal to Chinese consumers, has won board approval for a A$189.7 million ($138 million) privatization of honey producer Capilano Honey.
The GP – which was co-founded by Albert Tse, an ex-Macquarie banker who is a son-in-law of former Australian Prime Minister Kevin Rudd – is partnering with fund-of-funds ROC Partners on the deal....
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