about us | newsletter | contact | archive | members area
Corina Popescu, Transelectrica
High need for quality improvement in the public tenders area»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Alpin 57 Lux owners receive over 200 million Euro from Asian investors

Food Union Group, an international group of dairy and ice cream producing companies, and the owner of Romania's ice cream manufacturer Alpin 57 Lux, has received a combined 214 million Euro investment from PAG, one of Asia's largest private equity firms, and Meridian Capital, an existing investor, a press release shows.

2017-02-08 10:45:21

PAG and Meridian Capital's investment will support the expansion of Food Union with a specific focus in China where Food Union is near completion on two modern dairy plants. In addition to capital, PAG will provide Food Union with deep country-specific knowledge and significant operational experience in support of the management team. PAG will invest 161.6 million Euro and Meridian Capital will invest a further 52.4 million Euro into Food Union.

"Food Union has had a tremendous year in 2016. In Europe, we have solidified our position in our home markets and have acquired two ice cream producers in Norway and Romania," said Andrey Beskhmelnitskiy, Global CEO and founder of Food Union Group. "In China, we broke ground on two modern dairy plants which are expected to bring high-end dairy products to Chinese consumers by the beginning of 2018. PAG's investment and Meridian's follow-on investment are an endorsement of Food Union's strategy and we look forward to working with PAG to build a strong business of dairy products in China."

Food Union Group is an international group of dairy and ice cream producing companies operating in nine countries. Food Union Group exports to more than 25 countries all over the world, with the main markets being Latvia, Lithuania, Estonia, Poland, the Netherlands, Great Britain, Azerbaijan, Russia and China. Food Union Group currently employs more than 2,500 people.

PAG is one of Asia's leading private equity firms with capital under management more than 15.4 billion Euro. Since it was founded in 2002, PAG has invested more than 28.3 billion Euro in private equity, real estate and absolute returns strategies in Asia, with 380 staff in seven offices across the region.

Meridian Capital is an international private equity investment group that invests in food and beverages, transportation, real estate and natural resources sectors. Meridian Capital first made an investment into Food Union in 2013.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  9763 Views
Daily Info
PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over t...

Colliers Romania appoints Laurentiu Lazar as new managing partner

Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the curre...

Skanska Romania appoints Aurelia Luca as new managing director

Skanska Property Romania, the local division of one of the largest real estate developers, announces changes at the top of management in Romania. Marcin Lapinski, Managing Dir...

Banca Transilvania has become a shareholder of Victoriabank

Banca Transilvania has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66 per cent alongside the Eu...

Rezidor to open a new Radisson Blu to open in Timisoara

The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for p...

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation o...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slo...