Chinese food groups are outdoing PE in industry M&A

Formidable Chinese corporations have garnered attention for their rising status and robust earning potential, but major players have largely been slow to acquire global brands, much less act as rivals to global PE firms in target acquisitions. That may be changing, as one current bidding process illustrates. Shanghai-based Bright Food Group Co. has reportedly made an impressive bid to acquire French yogurt giant Yoplait, and is willing to pay big bucks to win out over private equity competitors for the asset.