M&A Deal Summary

Mengniu Acquires China Modern Dairy

On May 1, 2013, Mengniu acquired agriculture company China Modern Dairy from KKR

Acquisition Highlights
  • This is Mengniu’s 1st transaction in the Agriculture sector.
  • This is Mengniu’s 2nd transaction in China.

M&A Deal Summary

Date 2013-05-01
Target China Modern Dairy
Sector Agriculture
Buyer(s) Mengniu
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

China Modern Dairy

Maanshan City, China
China Modern Dairy is focused on raising dairy cows and selling raw milk to branded dairy companies for processing into consumer dairy products.

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Buyer(S) 1

Buyer

Mengniu

Hong Kong, China

Category Company
Founded 1999
Sector Food
Employees38,800
Revenue 88.7B CNY (2024)
DESCRIPTION

Mengniu is an entity that manufactures and distributes quality dairy products. Mengniu was incorporated in 1999 and is headquartered in Hong Kong, China.


DEAL STATS #
Overall 2 of 3
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: China M&A 2 of 3
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-22 Junlebao Dairy

Shijiazhuang, China

Junlebao is principally engaged in yogurt manufacturing. As a yogurt manufacturer in Northern China, it has taken a share in the country’s low temperature refrigerated active lactic acid bacteria beverage market. Junlebao Dairy is based in Shijiazhuang, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Yashili International Holdings

Chaozhou, China

Yashili International Holdings specialized in research, development and manufacturing of nutritious food and now has infant milk formula as its core product.

Buy -

Seller(S) 1

SELLER

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 STATS #
Overall 43 of 215
Sector: Agriculture M&A 1 of 2
Type: Add-on Acquisition M&A Deals 13 of 69
Country: China M&A 3 of 10
Year: 2013 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 ClickTale

Ramat-Gan, Israel

ClickTale Ltd. is a provider of customer experience analytics solutions. Clicktale marries cognitive computing, machine learning and psychological research to automatically surface issues and answer questions that keep executives up at night. ClickTale Ltd. was formed in 2006 and is based in Ramat-Gan, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 South Staffordshire

Walsall, United Kingdom

South Staffordshire is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. South Staffordshire was founded in 1853 and is based in Walsall, United Kingdom.

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