date:Jun 09, 2014
ng's first in China's food sector, according to SP's CapitalIQ database. Its past investments are focused in technology, media and telecommunications.
The deal underscores a trend for private equity investors buying into China's food industry as the government works to improve food safety.
Inner Mongolia Yili Industrial is one of China's biggest milk powder makers, and operates in a sector where China has announced moves to support domestic champions who will be able to compete against global