EQT’s new fund goes global
The acquisition of a 65% stake in Qinyuan Bakery in 2010 was EQT Partners’ debut food service sector investment in China. Yet the deal was familiar territory for the GP, which was able draw on previous portfolio investments in Europe, including Vaasan&Vassan, a Finnish baked goods producer that was exited in 2004.
The dynamic works both ways. Lessons EQT learned from Qinyuan can also be applied to its more recent investment in BackWerk, Germany's leading self-service bakery franchise. "Even though the company...
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