M&A Deal Summary

Trustar Capital Acquires Salion Foods

On March 21, 2022, private equity firm Trustar Capital acquired food company Salion Foods

Acquisition Highlights
  • This is Trustar Capital’s 2nd transaction in the Food sector.
  • This is Trustar Capital’s 30th transaction in China.

M&A Deal Summary

Date 2022-03-21
Target Salion Foods
Sector Food
Buyer(s) Trustar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Salion Foods

Beijing, China
Salion Foods specializes in R&D, manufacturing, and distribution of compound condiments and basic food ingredients. Salion Foods offers nearly a thousand SKUs covering hundreds of basic food ingredients and western flavor sauce, hotpot soup base, hotpot dipping sauce, powder seasonings and etc. Salion Foods was founded in 2000 and is based in Beijing, 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 62 of 64
Sector: Food M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 24
Country: China M&A 30 of 31
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Datsumo Labo

Tokyo, Japan

Datsumo Labo operates a non-medical hair removal salon and develops and sells personal hair removal devices. Datsumo Labo was founded in 2010 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Fullerton Healthcare

Singapore, Singapore

Fullerton Healthcare is a provider of premier primary healthcare. Fullerton Healthcare was founded in 2010 and is based in Singapore.

Sell -