China’s Huaxia Dairy gets $106 mln from GIC, Olympus consortium-Reuters

(Reuters) – China’s Huaxia Dairy Farm Ltd said on Wednesday it has received $106 million in investment capital from a consortium led by Singapore sovereign wealth fund GIC and private equity firm Olympus Capital, to expand its farming operations and retail dairy business.

Huaxia, which operates three dairy farms in Sanhe outside Beijing, is building a fourth farm in Xinghua, Jiangsu, to meet growing demand for high-quality raw milk.

GIC is investing $70 million, Olympus Capital is investing $30 million, and other shareholders including Grand River Capital are investing $6 million, Huaxia said.

Olympus Capital has now invested a total of $108 million in the company and is its largest shareholder.

Huaxia Dairy was established in 2004, and has more than 13,500 cows at its three Sanhe farms. It sells products under the Wondermilk brand.

Related Posts

Leave a Reply

PEHUB Community

Join the 12502 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget