Affinity seals $123m dairy JV with Chinese SOE
Affinity Equity Partners has invested $123 million in a dairy farming joint venture with a Chinese state-owned enterprise (SOE). It represents the 12th and final commitment from the GP’s third pan-Asian fund and comes as Fund IV is said be nearing a final close at the hard cap of $3.5 billion.
Affinity's partner in the new venture is Beijing Capital Agribusiness Group - also known as Sunlon - a food conglomerate created by the Beijing government in 2009, with assets stretching from livestock...
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