Baring Asia buys 40% stake in Bright Food-controlled Weetabix
Baring Private Equity Asia has acquired a 40% stake in UK-based cereals producer Weetabix and will work alongside Bright Food Group – which holds the remaining 60% – to expand the business in China.
Bright Food bought its controlling interest in Weetabix from Lion Capital in 2012 at an enterprise valuation of approximately GBP1.2 billion (then $1.9 billion). Lion retained 40% and at the time it was...
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