Growth Capital • Food

DCP Capital, KKR and CPP Investments Invest In Adopt a Cow

On April 19, 2021, private equity firm DCP Capital, private equity firm KKR and pension CPP Investments invested in food company Adopt a Cow

Investment Context
  • This is DCP Capital’s 3rd, KKR’s 16th and CPP Investments’ 5th transaction in the Food sector.
  • This is DCP Capital’s 9th, KKR’s 26th and CPP Investments’ 14th transaction in China.

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Investment Summary

Date April 19, 2021
Target Adopt a Cow
Sector Food
Investor(s) DCP Capital
KKR
CPP Investments
Deal Type Growth Capital

Target Company

Adopt a Cow

Beijing, China
Adopt a Cow is a dairy company whose products reach consumers directly. Adopt a Cow was founded in 2016 and is based in Beijing. China.
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Investors Overview 3

DESCRIPTION

DCP is a private equity firm focused on long-term partnerships with management teams in companies across Asia. The Firm seeks businesses with growth potential in a variety of industries including business services, consumer products, distribution, food, manufacturing, financial services, real estate, and staffing. DCP is headquartered in Beijing, China.


Deal Context for Investor #
Overall 11 of 15
Sector: Food 3 of 4
Type: Growth Capital 4 of 5
Country: China 9 of 13
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Hotwon

Shanghai, China

Hotwon is a provider of data center solution and implementer of sustainable data ecosystem in China, mainly engaged in offering high-quality IT infrastructure, network communication, cloud computing application services and one-stop multi-regional resource services to government and enterprise clients, and helping them construct big data, cloud applications, information technology application, government affairs and industry clouds and other projects and platforms. Hotwon was founded in 2015 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Dejin Medical

Hangzhou, China

Dejin Medical is focusing on the research and development of related treatment technologies for mitral and tricuspid valves. Dejin Medical was founded in 2015 and is based in Hangzhou, China.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Investor #
Overall 384 of 503
Sector: Food 16 of 16
Type: Growth Capital 65 of 82
Country: China 26 of 30
Year: 2021 16 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Ensono

Downers Grove, Illinois, United States

Ensono provides complex managed hosting and cloud infrastructure services to mid-sized enterprises. The company specializes in supporting mission-critical workloads and helping clients manage and migrate between all systems. Ensono’s integrated array of solutions includes the hosting of client-server, mainframe, and cloud computing workloads, as well as database, storage, and managed network services. Ensono was formed in 1969 and is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Latitude Financial Services

Docklands, Australia

Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.

Sell -
Investor
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Investor #
Overall 112 of 176
Sector: Food 5 of 7
Type: Growth Capital 18 of 21
Country: China 14 of 19
Year: 2021 9 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Igua

Sao Paulo, Brazil

Igua manages and operates water supply and sewage systems through concessions and public-private partnerships. The Company’s activities include water collection, treatment, overall water distribution, sewage collection and treatment, as well as project formulation and technical studies. Igua was founded in 2006 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Proofpoint

Sunnyvale, California, United States

Proofpoint is a security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Proofpoint was founded in 2002 and is based in Sunnyvale, California.

Buy $12.3B

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