Investment Summary

PAG Invests In Shandong Fengxiang

On December 20, 2022, asset manager PAG invested in food company Shandong Fengxiang

Investment Highlights
  • This is PAG’s 5th transaction in the Food sector.
  • This is PAG’s 10th transaction in China.

Investment Summary

Date 2022-12-20
Target Shandong Fengxiang
Sector Food
Investor(s) PAG
Deal Type Stake Purchase

Target

Shandong Fengxiang

Liaocheng, China
Shandong Fengxiang engages in the research and development, processing, and sale of chicken meat products from white-feathered broilers in China. It offers processed chicken meat products, raw chicken meat products, chicken breeds, and other products. Shandong Fengxiang was founded in 2010 is headquartered in Liaocheng, China.

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Investor(S) 1

Investor

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


DEAL STATS #
Overall 23 of 26
Sector: Food M&A 5 of 5
Type: Stake Purchase M&A Deals 4 of 4
Country: China M&A 10 of 11
Year: 2022 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Patties Food Group

Mentone, Australia

Patties Food Group is a provider of frozen savoury and frozen dessert pies, with key products including meat pies, sausage rolls and fruit pies. The company is known for some of Australia’s best-loved brands, including Four’N Twenty, Herbert Adams, Boscastle and Nanna’s, and Leader. Patties Food Group was founded in 1966 and is based in Mentone, Victoria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Vesco Foods

Osborne Park, Australia

Vesco Foods is a producer of frozen ready meals with a market position in the private label/contract manufacturing segments primarily servicing the Retail channel. Vesco Foods was founded in 1974 and is based in Osborne Park, Western Australia.

Sell -