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M&A Deal Summary

FountainVest Partners Acquires CFB Group

On January 7, 2022, private equity firm FountainVest Partners acquired restaurant CFB Group from EQT

Acquisition Highlights
  • This is FountainVest Partners’ 1st transaction in the Restaurants sector.
  • This is FountainVest Partners’ 8th transaction in China.

M&A Deal Summary
Date 2022-01-07
Target CFB Group
Sector Restaurants
Buyer(s) FountainVest Partners
Sellers(s) EQT
Deal Type Secondary Buyout

Target

CFB Group

Shanghai, China
CFB Group is the franchise operator of two renowned international restaurant chains. China Dairy Queen, the largest ice cream restaurant chain in China, and Papa John’s Pizza, the second-largest pizza restaurant chain in China. CFB Group was founded in 2003 and is based in China.

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Buyer(S) 1

Buyer

FountainVest Partners

Category Private Equity Firm
Founded 2007
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FountainVest Partners is a private equity firm focused on investing in and acquiring companies in China. FountainVest is sector agnostic and seeks opportunities where it can partner with leaders operating in emerging industries. FountainVest Partners was formed in 2007 and is based in Hong Kong.

DEAL STATS #
Overall 11 of 11
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (China) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 ZIWI

Napier, New Zealand

ZIWI is a pet-food manufacturer and recipes are crafted from ethically-sourced ingredients, reflecting what a cat or dog would choose in the wild, and gently processed to retain their nutritional integrity. ZIWI was founded in 2002 and is based in Napier, New Zealand.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 160 of 189
Sector (Restaurants) 3 of 3
Type (Secondary Buyout) 48 of 57
Country (China) 5 of 8
Year (2022) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-11 NAC

Limerick City, Ireland

NAC provides leasing and leases management services to airlines and aircraft investors worldwide. Aircraft are purchased in the primary and secondary markets and NAC is the largest regional fleet owner and aircraft lessor in the world. NAC was founded in 1990 and is based in Limerick City, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 ELEVATE

Hong Kong, China

ELEVATE is a premium provider of customized solutions focusing on ESG and supply chain effectiveness with operations in more than 100 countries. ELEVATE was founded in 2013 and is based in Hong Kong, China.

Sell -
Mergr

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