💰Hosen Capital, Temasek to Buy Majority Stake in Real Pet Foods with Eye Toward Overseas Markets
A group of Asian investors led by Beijing Hosen Investment Management, Singapore’s Temasek Holdings, and Chinese agribusiness firm New Hope Group, have signed a deal to acquire a majority stake in Australia’s Real Pet Food Company from Sydney-based Quadrant Private Equity in a transaction that values the independent pet food producer at A$ 1 billion (US$ 781.9 million).
The deal remains subject to approval from Australia’s Foreign Investment Review Board (FIRB).