Investment Summary

Primavera Capital Group Invests In Junlebao Dairy

On November 21, 2019, private equity firm Primavera Capital Group invested in food company Junlebao Dairy from Mengniu

Investment Highlights
  • This is Primavera Capital Group’s 1st transaction in the Food sector.
  • This is Primavera Capital Group’s 5th transaction in China.

Investment Summary

Date 2019-11-21
Target Junlebao Dairy
Sector Food
Investor(s) Primavera Capital Group
Sellers(s) Mengniu
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

DESCRIPTION

Primavera Capital Group is a private investment firm focused on private equity and special situations opportunities in China. The Firm employs a flexible strategy of growth capital, control-oriented, and restructuring investments and seeks to create long-term value by working closely with portfolio companies to improve operational efficiency, competitiveness, and earnings growth. Primavera Capital Group was established in 2010 and is based in Beijing.


DEAL STATS #
Overall 7 of 10
Sector: Food M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: China M&A 5 of 6
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 LBX Pharmacy

Changsha, China

LBX Pharmacy is an entity that operates a pharmacy store chain in China. LBX Pharmacy operates stores in 21 provincial markets. LBX Pharmacy was founded in 2001 and is based in Changsha, China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-05 Mead Johnson Nutrition Co. - Greater China Business

Glenview, Illinois, United States

Mead Johnson's Greater China Business is a long-established and renowned multinational infant and children nutrition brand. Mead Johnson entered China in 1993 and has developed a broad and deep product portfolio with core brands such as Enfinitas enjoying high brand awareness.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector: Food M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS 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.

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