Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3 million for an 11.4% stake in the company.
The Shanghai-based food maker is currently looking to raise as much as HK$1.5 billion ($203 million), offering 500 million shares priced between HK$3 and HK$3.15 apiece. According to a listing prospectus,...
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