Trustar backs China beauty industry online services provider
Trustar Capital – formerly CITIC Capital Partners – has acquired a stake in Yifei Group, an online business service provider to China’s beauty and personal care industry, continuing its string of deals in this area over several years.
The investment, of undisclosed size, comes from the private equity firm’s third renminbi-denominated China buyout fund, which has a corpus of RMB3 billion ($439 million). This vehicle was launched in...
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