Ardian-Backed Kersia acquires Choisy Laboratories

Ardian

2019 – Kersia, the global leader in food safety, announces the acquisition of Choisy Laboratories (“Choisy”), a leading developer and manufacturer of chemical, biotechnological and biosecurity hygiene solutions based in Canada, from the Trudeau family and Champlain Financial Corporation, in partnership with the Alberta Teachers’ Retirement Fund.

This transaction grows Kersia’s geographical footprint in North America, allowing the company to expand its presence in new sub-segments and to acquire new technologies; it has been completed with the support of Ardian, its majority shareholder.

Founded in 1946 and headquartered in Louiseville (Quebec), Choisy focuses on research, manufacturing and marketing of food safety & biosecurity solutions, with a strong focus on value-added products, notably with eco-labelled solutions thanks to its biotechnological capabilities as well as its strong enzymatic know-how. The company employs 250 people and is primarily active in the Food Service and Hospitality market segments across eastern Canada and in Europe.

With this acquisition, Kersia’s network will comprise 23 plants (o/w 16 owned), with c.1,200 employees and a turnover of c.€250 million. This is Kersia’s fifth strategic acquisition since its acquisition by Ardian in October 2016.

Sebastien Bossard, CEO of Kersia, said: “This acquisition is in line with Kersia’s growth strategy and ambition to become the world’s leading player in Food Safety solutions for the entire food chain from farm to fork. Combining the deep R&D and technological expertise of Choisy and Kersia’s teams, with the support of Ardian, grows our international footprint substantially and strengthens our offering. The complementarity between our two companies is strong, as are the common values we share. We are very pleased to welcome the Choisy team within our group.”

As far as Guy L. Trudeau, President and CEO of the Choisy Group is concerned, he declared: « I’m excited to conclude this transaction because of the great cultural and technological complementarities, as well as the growth opportunities and synergies that will be generated. The food industry and the professional hygiene markets will greatly benefit from the new modern alternatives in biosafety and food service hygiene solutions represented by the Choisy-Kersia offer. I am convinced that the conjunction of the Choisy-Kersia brands will serve as a value and growth accelerator for the company, its employees and shareholders in North America and Europe. »

Thibault Basquin, Head of Americas Investments and Managing Director at Ardian Buyout, added: ”The Ardian team is very proud of what we have achieved with Sebastien Bossard and the Kersia team over the past two years, particularly in terms of Kersia’s transformation. I would like to thank the Trudeau family for entrusting Kersia as the new home for Choisy. This is a great step in our ambitious international development plans, and we look forward to further supporting Kersia’s journey towards growth.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with 610 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 970 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

ABOUT KERSIA

Kersia is a global leader in biosecurity and food safety with value added products and solutions to prevent diseases or contamination in both animal and humans at every stage of the food supply chain.

Kersia is the name adopted in 2018 by Hypred, Antigerm, Medentech, LCB Food Safety, G3 and Kilco, experts in their fields which came together in 2017 and 2018, bringing together complementary skills and expertise that improve farm performance and add value to the food industry.

Now present in more than 90 countries and employs more than 1,200 personnel, Kersia records a turnover of 250 million euros.

ABOUT CHOISY LABORATORIES

Choisy is seventy-three years of research, development and know-how dedicated to innovation and the creation of added value for the protection of health, working environments, consumer and leisure environments. It is chemistry, biotechnology and application-based biological services at the service of the environment for a healthy environment.

Founded by Yvon G. Trudeau, B.A. and B.Sc., pioneer in professional hygiene in Canada, Choisy has always distinguished itself through the development of its own chemical and biological platforms or bases and through the technological innovation of its products and services.

A fully integrated company from chemical and biological scientific research to the commercialization of its formulas, products and application services, the Choisy Group has 250 employees in four divisions: Choisy Laboratories, GDG Environment, Mikadoweb Solutions and RMS Equipments/Services. These complementary business divisions are all articulated from the head office located in Louiseville, Qc, where the production and research & development activities for Hygiene Solutions are mainly located. The Group also operates three distribution centres and four business centres in Eastern Canada, in addition to the headquarters of GDG Environment located in Trois-Rivières, Quebec and RMS Equipments/Services located in Laval, Quebec.

PRESS CONTACTS

ARDIAN / KERSIA
Headland
VIKTOR TSVETANOV
Phone : +44 020 3435 7469
vtsvetanov@headlandconsultancy.com
CHOISY
Ovation médias
RICHARD BEAUDRY
Phone : 514-645-2040 poste 300
rbeaudry@ovationmedias.com

Categories: News

Tags:

Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital

Platinum

LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed.

Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. The company is vertically integrated across the full value chain, including wild catch, processing, commercialization and distribution.

Iberconsa maintains an owned fleet of 45 vessels, five processing plants and four cold storage distribution facilities. Iberconsa’s fleet operates primarily in Argentina, Namibia and South Africa, and the company’s products are sold in more than 60 countries.

Iberconsa CEO Alberto Freire is continuing to lead the business following the transfer of ownership.

The acquisition of Iberconsa is the latest example of Platinum Equity’s increasing momentum in Europe. Last year Platinum Equity completed the $2.1 billion acquisition of Zug, Switzerland and Chesterbrook, PA-based blood glucose monitoring company LifeScan from Johnson & Johnson. The firm also acquired Wyndham’s European vacation rental business for $1.3 billion.

Platinum Equity sold Exterion Media to British media and entertainment group Global in November 2018, and sold Paris-based Worldwide Flight Services to Cerberus Capital Management, L.P. in October 2018 in a transaction valued at approximately €1.2 billion.

Lazard and Deloitte served as financial advisors to Platinum Equity on the acquisition of Iberconsa. Latham & Watkins served as Platinum Equity’s legal advisor on the transaction.

Nomura and Ernst & Young (“E&Y”) served as financial advisors to the sellers. E&Y also served as the sellers’ legal advisor on the transaction.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 23 years Platinum Equity has completed more than 250 acquisitions.

About Portobello Capital
Founded in 2010, Portobello Capital is a leading independent Mid-Market Private Equity manager based in Spain that invests in Southern Europe. It has €1.3 billion of assets under management, a team of 27 professionals and 15 companies in its portfolio (Angulas Aguinaga, Centauro and Supera, among others). Portobello Capital manages two primary funds: Fund III was closed at €375 million in August 2014 and it is fully invested, and Fund IV closed in February 2018 and is currently being invested. Portobello Capital is also managing a secondary vehicle with €300 million.

Categories: News

Tags:

Triton and ADIA complete acquisition of IFCO

Triton

Frankfurt (Germany), 3 June 2019 – Funds advised by Triton (“Triton”) and Luxinva, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”), have successfully completed the acquisition of 100% of IFCO from Australian Securities Exchange-listed Brambles Limited. Triton and ADIA have an equal share in the investing partnership.

IFCO is the leading global provider of reusable packaging solutions for fresh foods, serving customers in more than 50 countries. IFCO operates a pool of over 290 million Reusable Plastic Containers (RPCs) globally, which are used for over 1.3 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year.

About ADIA

Established in 1976, ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. ADIA has invested in private equity since 1989 and has built a significant internal team of specialists with experience across asset products, geographies and sectors. Through its extensive relationships across the industry, the Private Equities Department invests in private equity and credit products globally, often alongside external partners, and through externally managed primary and secondary funds. Its philosophy is to build long-term, collaborative relationships with its partners and company management teams to maximize value and support the implementation of agreed strategies

About Triton

Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €14.9 billion and around 72,000 employees.

For further information: www.triton-partners.com

Press Contacts

Triton
Marcus Brans

Categories: News

Tags:

Axon Partners Group acquires the restaurants of Le Pain Quotidien in Spain

Axon

May 2019. Axon Partners Group has completed the first investment of its industrial investment strategy in “Premium Brands”, with the acquisition of restaurants “Le Pain Quotidien” (LPQ) in Spain as well as the Master Franchise for Spain and Portugal. Currently, LPQ operates four restaurants in Madrid and one in Barcelona.

Le Pain Quotidien was founded in Brussels in 1990 and now has nearly 300 restaurants in 21 countries. LPQ offers a wide variety of organic bakery items and plant-inspired healthy dishes available from breakfast to dinner based on its strong conviction that delivering delicious options that are good for guests and the planet is the now and the future (www. lpq.es).

To complete the investment, Axon has partnered with International Group Services, bringing extensive knowledge of the restaurant and franchise sector. This group operates more than 500 restaurants in Latin America through 19 different brands, including KFC, Juan Valdez, Baskin Robins and Wendy’s, among others.

The investment strategy includes an expansion plan with openings in the main cities of Spain and Portugal with the target of reaching at least the 50 restaurants in the next 10 years. These targets are based on the known growth of this sector and the increased representation of restaurant brands at the expense of independents in this region.

Francisco Velázquez, President of Axon Partners Group comments: “This is Axon’s first investment in the branded restaurant business and we consider it an excellent opportunity as it is a brand of recognized prestige in the world and that still has a long way to go, hoping to position the brand as one of the reference restaurants in its segment in Spain and Portugal. “

Juan Carlos Serrano, President of International Group Services, comments: “We are very happy to have made our first investment in the restaurant sector in Europe where we wanted to have presence after analyzing different opportunities in the Spanish market. It is a sector that we know well and where we hope to provide all our know-how to achieve a rapid and orderly growth of the brand in Spain and Portugal”.

Jerry Gamez, CEO from Le Pain Quotidien comments: “We believe that Healthy Food Ventures (a joint venture between Axon Partners Group and Juan Carlos Serrano) is the ideal partner to develop the brand in Spain and Portugal. We are confident that Healthy Food Ventures, with their shared values as well as their 30 years of experience & track record of growth developing restaurant brands, will deliver our ambitious plans for the region.”

For further information please contact with the Marketing Departmert:
marketing@axonpartnersgroup.com
T. +34 913102894

Categories: News

Tags:

PEAK ROCK portfolio company, PRETZELS, INC., to expand state-of-the-art manufacturing facility as part of strategic growth initiative

Austin, Texas,May 7, 2019 – Pretzels, Inc. (“Pretzels” or the “Company”), a portfolio company of Peak Rock Capital, a leading middle-market private investment firm, announced plans to expand its state-of-the-art manufacturing facility in Plymouth, Indiana. Pretzels is a leading manufacturer of pretzels and other snack products, and the expansion increases capacity across a range of products and capabilities. It is anticipated that the additional capacity will be operational in the second quarter of 2020.

Greg Pearson, Chief Executive Officer of Pretzels, said, “This expansion exemplifies Pretzels’ commitment to exceed our customers’ expectations by significantly enhancing our capabilities and capacity. Pretzels’ management and employees are executing on several strategic growth initiatives, including this expansion, which will enable us to support our customers’ commercial success for years to come. On behalf of the entire Pretzels team, I want to thank our loyal customers, dedicated employees, and supportive community for being an integral part of our growth.”

Robert Strauss, Managing Director of Peak Rock Capital, added, “Enhancing Pretzels’ manufacturing capabilities and capacity reflects our belief in the company’s strong growth prospects and is emblematic of how Peak Rock supports its businesses in achieving their growth objectives. We are pleased with Pretzels’ progress to-date and look forward to finding additional ways to support its growth plan in the future.”

The expanded Plymouth facility will complement Pretzels’ current operations in Bluffton and enhance Pretzels’ depth and breadth of offerings to its diverse customer base. Pretzels will add over 120,000 square feet to its existing Plymouth facility, which will create space for additional state-of-the-art production and packaging lines, as well as increased efficiency with existing operations. The facility expansion will also enhance employee amenities and be a catalyst for new jobs in the Plymouth community.

ABOUT PRETZELS, INC.

Founded in 1978, Pretzels, Inc. is a leading manufacturer of pretzels and extruded snack products. Based in Bluffton, Indiana with an additional facility in Plymouth, Indiana, the Company manufactures and distributes traditional, peanut butter filled, flavored, seasonal, and gluten-free pretzels, as well as extruded snack products, to a diverse, blue-chip customer base that includes leading grocers and national brands.

For further information about Pretzels, Inc., please visit www.pretzels-inc.com

ABOUT PEAK ROCK CAPITAL

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and profit improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform focuses on providing bespoke primary financings and making investments in secondary loans for corporate debt and commercial real estate. Peak Rock’s principals have deep expertise in complex situations and cross-border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

Media Contact: Daniel Yunger Kekst CNC 212-521-4800

Categories: News

Tags:

Italian wholesaler Raico changes name to KRAMP after integration

NPM Capital

Raico and Kramp have been fully integrated and will continue under the name Kramp. The name change ensues from the acquisition of Raico by Kramp, the Dutch supplier of parts and accessories for the agricultural sector, in 2018. The five stores in Italy that focus on the consumer market will keep the Raico brand name.

“We have strengthened our position in the Italian market through the acquisition of Raico,” says Kramp CEO Eddie Perdok. “The two companies have been merged at one location and we are going to build a warehouse with office space in the vicinity of Reggio Emilia. Becoming one company with one name marks a key milestone in our integration.”

New opportunities
“The combination of Kramp and Raico opens up new opportunities for our customers,” says Sales Director Italy Rafael Massei. “We have succeeded in integrating the strengths of Kramp and Raico. This results in a wider range, access to Europe’s largest webshop for agricultural machinery parts and accessories and better services for our customers. Our Italy-wide organisational structure will remain unchanged: our customers will retain their own contact person and will continue to be assured of quick deliveries from our central warehouse in Reggio Emilia.”

Background
Raico has collaborated with numerous suppliers that are specialised in the agricultural sector in Italy for more than 30 years. Kramp, which is an NPM Capital portfolio company, has a similar history, being founded in 1951. Kramp Groep is represented in 24 European countries and achieved a revenue of € 840 million in 2018.

Also read ‘Kramp: The success behind the “Amazon” of technical parts’

Categories: News

Tags:

INFRAVIA sells to Valorem its participation in Force Hydraulique Antillaise

InfraVia

InfraVia today announces it has agreed to sell to Valorem SA its 49% stake in
Force Hydraulique Antillaise SAS (“FHA”), the leading developer and operator
of hydro power plants in the French Caribbean islands.
FHA provides essential renewable electricity generation services in the French
Caribbean islands, a territory heavily dependent on fossil fuels.
With this transaction, Valorem acquires 51% of FHA from InfraVia and its founder
Raphael Gros (who keeps a 49% stake in the company).
InfraVia had invested in FHA in 2010 when the company operated a portfolio
of 1MW. Today, FHA owns 10.4MW of small scale operational plants, 6.4MW of
ready-to-build assets and has a further pipeline of c.100MW.
For this transaction, InfraVia has been advised by Astris (M&A) and Weil, Gotshal
& Manges (legal).

ABOUT INFRAVIA
InfraVia is an independent investment manager dedicated to the infrastructure
sectors. Founded in 2008, InfraVia manages several infrastructure funds, all
positioned as long-term investors across the European infrastructure mid-market.
InfraVia manages EUR 4 billion of assets with 32 people, deployed through 30 portfolio companies across 11 countries in Europe.
www.infraviacapital.com

ABOUT VALOREM
Valorem was founded in 1994 and is based in Bègles. Valorem is an independent
renewable energy company which develops renewable energy projects for its own
account and on behalf of third parties. Its services include technical assistance and
development, engineering, construction and operation and maintenance. The company
predominantly develops onshore wind farms, as well as solar and hydro power plants in
France and internationally.
www.valorem-energie.com

Categories: News

Tags:

The Carlyle Group Completes Tender Offer for Orion Breweries Shares

Carlyle

Acquisition expected to close on March 29, 2019

Tokyo, Japan – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it completed its tender offer[1] to acquire shares in Orion Breweries Ltd., Japan’s fifth largest beer brewery, on March 22, 2019. This is a joint acquisition with Nomura Capital Partners Co., Ltd., and is expected to close on March 29, 2019. Carlyle’s equity for this investment will come from Carlyle Japan Partners III, L.P., an investment fund advised by Carlyle Japan L.L.C.

Following the transaction, Carlyle will own a 49% stake in Orion Breweries while Nomura will own a 51% stake in the company.

Headquartered in Urasoe, Okinawa Prefecture, Orion Breweries has produced and distributed alcoholic beverages and soft drinks since 1957. Its main products are “Orion” branded beer and beer taste products produced in its own factory in Nago, Okinawa. It has long been the largest beer brand in Okinawa. In 1975, the firm entered into the Okinawa hotel market with the opening of the Hotel Royal Orion in Naha, and later, Hotel Orion Motobu Resort and Spa in 2014.

Takaomi Tomioka, Managing Director of the Carlyle Japan buyout advisory team, said, “Orion Breweries has expanded its business over the past 60 years on the back of high brand value and support from the Okinawa community, making it Okinawa’s top beer brand. Carlyle will support the firm’s management teams and employees to realize further growth and entrench the pride that the people of Okinawa have in Orion Breweries. Carlyle is fully committed to sharing its knowledge and experience to strengthen Orion’s management capabilities, drawing upon our global network for support while collaborating with Nomura, a prominent Japanese financial company, to fully leverage our combined strengths.”

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

The Carlyle Group is the only global investment firm that has dedicated Japan buyout funds denominated in Japanese yen. Carlyle’s Japan buyout funds, which have made 24 investments in Japan, have a track record of supporting Japanese companies’ business expansion overseas, enhancing their operational efficiency and strengthening their management infrastructure. In September 2015, Carlyle announced that it raised ¥119.5 billion (approximately $1.0 billion) for its third Japanese buyout fund, Carlyle Japan Partners III.

 

About Orion Breweries

Company name: Orion Breweries, Ltd.

Established: 1957

Representative Director: Kiyoshi Yonamine (CEO)

Headquarters: 1985-1 Gusukuma, Urasoe, Okinawa, Japan

Main Businesses: Manufacturing and sales of beer and beer taste products. Sales of soft drinks, Operations of hotels

 

Media Contact:

The Carlyle Group

Tammy Li

Phone: +852 2878 5236

Email: tammy.li@carlyle.com

 

Public relations agency: Ogilvy Public Relations Worldwide (Japan) K.K.

Contact persons: Yusuke Yamanaka, Abi Sekimitsu

Tel:03-5791-8725/5793-2388

E-mail:CarlylePress.Tokyo@ogilvy.com

 

[1] For details of the tender offer, please refer to the attached [“Notice of Results of Tender Offer for Shares in Orion Breweries, Ltd. (Unlisted)”] issued by Ocean Holdings Co., Ltd. Ocean Holdings Co. Ltd., which is jointly managed and operated by The Carlyle Group and Nomura Capital Partners Co., Ltd., has been established solely to acquire shares of common stock in Orion Breweries.

Categories: News

Tags:

New standing pouch factory marks strategic turning point for HAK

NPM Capital

HAK´s new factory with a fully automatic and high-quality standing pouch line became operational in late 2018. The canned vegetables manufacturer, which is an NPM Capital portfolio company, introduced beans in standing pouches that were filled externally in late 2015. The company can now scale up to larger volumes and numerous product-market combinations thanks to the new line in Giessen, the Netherlands, which produces standing pouches for the entire product gamut ranging from one-person portions to solutions for large-scale professional use.

The official opening of this line marks a key turning point for HAK on the strategic course it has been following since 2012 based on the mission of: helping people eat more vegetables and legumes. By offering vegetables in jars, standing pouches and supermarket refrigerated sections, HAK can now provide products that are suitable for every type of consumer anytime and anyplace.

HAK has until now had the beans and bean dishes filled in the standing pouches by an external supplier. The introduction of the new fully automatic line gives HAK cost and efficiency advantages and enables it to optimally safeguard quality and control food safety. It also provides it with greater flexibility in terms of the diversity of its products. HAK currently produces more than 95% of its products.

The beans in standing pouches have within a short period of time become hugely popular among a primarily young target group (20-35) and modern diners. HAK has sold more than 12 million standing pouches, representing revenue of around €15 million, since their introduction in 2015. The HAK standing pouches have now also been successfully introduced in Belgium and Germany.

Also read ‘HAK aims to get the Dutch eating more vegetables by introducing eleven new standing pouches’

Categories: News

Tags:

CITIC Capital Completes Acquisition of Global Business of the Amoy Brand

Citic Capital

(Hong Kong, 15 February 2019) Private equity arm of CITIC Capital Holdings Limited (“CITIC Capital”) is pleased to announce that, CITIC Capital Asian Foods Holdings Limited, a company wholly owned by its investment funds (Note 1), has completed the acquisition of the global business of the Amoy Brand, including the Hong Kong-based headquarters, Amoy Food Ltd, (collectively referred to as “Amoy Food” or “the Company”) from Ajinomoto Co., Inc. (“Ajinomoto Co.”). In addition, Ajinomoto Co. will subscribe 15% shares in CITIC Capital Asian Foods Holdings Limited to work with CITIC Capital to explore opportunities in China. This is the sixth carve-out deals CITIC Capital has completed within two years (Note 2).

Established in 1908 in Xiamen city, Fujian Province, Amoy Food enjoys a long history of success in seasonings/sauces and frozen foods market and has developed into one of the leading Asian brands with global reach. Headquartered in Hong Kong, Amoy Food serves both foodservice and retail customers across over 40 countries with deep roots in Hong Kong, the U.S., Mainland China, and Europe. Amoy Food has been a well-recognized household brand for Asian foods in global Chinese community.

Following the transaction, CITIC Capital will leverage its extensive network and track records in creating values for portfolio companies to further expand Amoy Food’s businesses in Asia and other overseas markets and continue to drive growth for the company.

Yichen ZHANG, Chairman & CEO of CITIC Capital, said: “We are excited about the opportunity to invest in Amoy and work closely with Ajinomoto Co., who is the global leader of high-quality seasoning and foods and pioneer of “Umami” with 110 years history and wide-ranging portfolios. Leveraging the strong shareholders and century-long brand equity, we see solid growth potential for high-quality Asian sauces and frozen foods across global Asian population. We look forward to leveraging CITIC Capital’s unique resources to grow the business alongside with the management team.”
Latham & Watkins LLP and JunHe LLP served as legal counsel to CITIC Capital.

Note 1: The investment is made through CITIC Capital China Partners and CITIC Capital Japan Partners.
Note 2: Recently completed carve-out deals include McDonald’s business in Mainland China and Hong Kong, sexual wellness company LifeStyles, Wall Street English, financial information database operator Global Marketing Intelligence Division, and leading supply chain pooling solution provider China Merchants Loscam.

About CITIC Capital Holdings Limited

Founded in 2002, CITIC Capital is an alternative investment management and advisory company. The firm manages over USD25 billion of capital across 100 funds and investment products through its multi-asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 160 portfolio companies that span 11 sectors and employ over 830,000 people around the world.
CITIC Capital’s private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 60 investments in the past years in China, Japan, U.S. and Europe. The private equity arm currently manages USD6.6 billion of committed capital. For more information, please visit www.citiccapital.com www.citiccapital.com

Categories: News

Tags: