ClearVue Partners has invested $30 million in Chic Fresh. Shanghai-based Chic provides cold-crafted juice technology; its brand includes the INVO coconut water and coconut water based beverages.
SHANGHAI, May 11, 2016 /PRNewswire/ — Shanghai-based private equity firm ClearVue Partners has announced its sole investment in Shanghai-headquartered CHIC Fresh, a global leader in proprietary cold-crafted (otherwise known as HPP: High Pressure Processing) juice technology.
ClearVue Partners invested USD$30m to fuel CHIC Fresh’s fast growth and expansion plans. ClearVue Partners brings its deep sector knowledge, consumer expertise and operational value-add along with the investment.
“Global consumer preference is quickly shifting toward healthy, organic and ‘good for you’ beverages. CHIC Fresh’s brand of INVO juices bring great-tasting, nutritious and never-heated fresh products to consumers globally,” said Harry C. Hui, Founding Managing Partner of ClearVue Partners. “In China, demand for premier goods that enhance a personal sense of health and wellness – such as healthy snacks and beverages, rather than daily necessities will accelerate. The lion’s share of the consumption growth will come from ‘post-80’s generation’ with a higher per capita GDP. CHIC Fresh’s product and technology will serve this fast growing segment,” Hui said.
CHIC Fresh’s global product line is headlined by the fabulously refreshing and innovative INVO brand coconut water and coconut water based beverages and is being carried by leading global retailers, including Wegman’s, BHG, Whole Foods Market and Trader Joe’s.
“We are thrilled to be working with ClearVue Partners. We value their sector knowledge and strong consumer insights,” saidEdward Yan Ming Zhu, CEO and Chairman of CHIC Fresh.
INVO brand and other CHIC Fresh premium juices are cold-crafted (HPP) – the latest and most sought-after global juice technology. HPP is a cold pasteurization technique and it produces high quality, fresh, nutritious, safe-to-eat juice without using chemical preservatives. Due to the absence of heat in the process, the nutritional properties of the food are maintained. The process also extends the shelf life of the coconut water to 150-days and the premium and functional juices to 90-days – a dramatic increase over the competitor shelf life of 30-days.
About ClearVue Partners:
ClearVue Partners is a private equity fund focused on investments in the fast growing and dynamic consumer sector in theGreater China region, primarily in the food and beverage, consumer lifestyle, and consumer internet/mobile sub-sectors. ClearVue Partners targets early growth and growth stage investments in promising local companies, develops top-tier brands and businesses and enables market entry for leading international companies into China. The ClearVue Partners team has a unique combination of investment, consulting and senior operations experience from the US, Asia and Greater China, with an advisory group of recognized business pioneers in the consumer industry. For more information, please visit www.cvpcap.com