EQT bakery investment proves out
EQT's 2010 acquisition of a controlling stake in Chongqing New Qinyuan Bakery – which it has just exited to Swire Pacific – was something of a coup for the European mid-market GP. Not only did the firm overcome several competitors, but it also managed to turn a minority transaction into a buyout.
"When PricewaterhouseCoopers (PwC) was approached to help raise foreign capital for the business it was originally intended to be a 20% growth equity deal," explains Martin Mok, a partner with EQT in Hong...
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