Consumer

China pork giant WH Group gains 10.6% on HK debut

Shares in WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, gained as much as 10.6% on its first day trading today after the company raised HK$15.3 billion ($2 billion) on its second attempted IPO.

China logisitcs: Cool customers

Private equity investors see chilled supply chains as a proxy for the greater value Chinese consumers place on food safety and quality. However, for now the industry is still more niche than mass market

Baidu turns to Wanxue for education content

When Chinese search engine Baidu originally reached out to Wanxue Education Technology, it didn't envisage becoming a financial investor in the company. Rather, Baidu was looking for quality content to improve its existing education platform Jiaoyu Baidu...

PEP sees sweet exit on Griffin's Foods

When Pacific Equity Partners (PEP) first came to acquire New Zealand-based snacks producer Griffin's Food in 2006 at an enterprise valuation of NZ$385 million (then $240 million), it represented the classic carve-out opportunity. The company - famous...

India's Flipkart raises a record $1b from VC backers

Indian e-commerce firm Flipkart has raised $1 billion from new and existing backers in what is one of the biggest funding rounds raised by an e-commerce company globally and the single largest round by an internet company in the country.

WH Group sets terms for HK IPO to raise $2b

WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, has set terms for a revised Hong Kong IPO that will raise up to HK$15.9 billion ($2.05 billion).

Hony's pizza takeaway

Immediately after TDR Capital and Capricorn privatized Pizza Express in 2003, the UK-based restaurant chain’s international franchise operations were shifted into separate entity as part of the “non-core group.”

Zoyi's premium pork play

Nearly a decade ago, in his former career as an investment banker with J.P. Morgan, Andrew Kuo worked on the deal that saw CDH Investments and Goldman Sachs back Chinese pork producer Shuanghui International. Now known as WH Group, the company has grown...

Vision Knight bets big on property site

Vision Knight Capital expects massive growth in three segments of China’s e-commerce market over the next three years – property, autos and home decorating. Hence the private equity firm’s willingness to provide the largest portion of a $80 million Series...

PEP exits Griffin's Foods to Philippines buyer for $608m

Australian GP Pacific Equity Partners (PEP) is set for its fourth full or partial exit in two months after Philippines food and beverage conglomerate Universal Robina (URC) agreed to buy Griffin’s Foods for approximately NZ$700 million ($608 million)...