Singapore’s Tembusu seeks $287m for China liquor fund
Singapore private equity firm Tembusu Partners has received a strategic commitment of up to RMB670 million ($96 million) for a RMB2 billion fund targeting the liquor industry in China’s Guizhou province.
The anchoring LP is Renhuai Moutai Flavor Liquor Industry Development & Investment, a company linked to local government in the province, which is renowned for the production of baijiu, a Chinese spirit....
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