M&A Deal Summary

Trustar Capital Acquires Amoy Food

On February 15, 2019, private equity firm Trustar Capital acquired e-commerce company Amoy Food

Acquisition Highlights
  • This is Trustar Capital’s 2nd transaction in the E-Commerce sector.
  • This is Trustar Capital’s 20th transaction in China.

M&A Deal Summary

Date 2019-02-15
Target Amoy Food
Sector E-Commerce
Buyer(s) Trustar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Amoy Food

Hong Kong, China
Amoy Food is a household brand for Asian foods in global Chinese community with long history of seasonings/sauces and frozen food market. Amoy Food serves both foodservice and retail customers across over 40 countries with deep roots in Hong Kong, the U.S., Mainland China, and Europe. Amoy Food was founded in 1908 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 47 of 64
Sector: E-Commerce M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 24
Country: China M&A 20 of 31
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Loscam

Hong Kong, China

Loscam provides returnable packaging solutions and equipment used to store and move products through supply chains. We have built our reputation by providing outstanding customer service, innovative products and tailored solutions to our customers. Loscam was founded in 1947 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 TCL

Shenzhen, China

TCL is an enterprise of consumer electronics on a global scale. TCL’s major consumer products include color TVs, mobile phones, air conditioners, refrigerators, washing machines, and small appliances, etc. TCL was founded in 1981 and is based in Shenzhen, China.

Buy -