Investcorp Acquires Majority Stake in Viz Branz

Edlong Corp. Acquires Brisan Group

October 31, 2024

Food & Beverage

Edlong Corp., a dairy and dairy-free flavor manufacturer, has acquired Brisan Group, a Chicago-based market research and product development consultancy focused on dairy and sweet flavors. Brisan's CEO Brian Vogt will join Edlong as vice president for business development for the company's U.S. and Canada units; terms were not disclosed and the deal is expected to close Nov. 4.

Investcorp and China Resources Acquire Majority Stake in City Super Group

September 8, 2020

Retail

Investcorp and China Resources Capital Management (with participation from Fung Strategic Holdings) agreed to acquire a majority ownership position in City Super Group, while existing shareholders including Fenix Group and the Lane Crawford Joyce Group will retain a 35% stake. The deal — subject to PRC merger control approval and expected to close in Q4 2020 — aims to accelerate City Super Group's expansion across Greater China and Asia while keeping the current management team in place.

Investcorp-led Consortium Invests in Mo Xiaoxian

December 10, 2021

Food & Beverage

Funds managed by a joint venture formed by Investcorp, China Resources Capital Management and Fung Strategic Holdings (via the Asia Food Growth Fund I) completed a growth investment in Mo Xiaoxian, a Shanghai-headquartered instant food brand. The capital will support the company's expansion of its multi-channel distribution and scale its self-heating hotpot and instant meal product lines across China.

Investcorp, China Resources and Fung Strategic Invest in Heritage Foods

June 30, 2021

Food & Beverage

Investcorp, in partnership with China Resources and Fung Strategic Holdings, announced an investment in Heritage Foods through its Asia Food Growth Fund I to support Heritage Foods as a buy-and-build platform for condiments and sauces across Asia. Heritage Foods is headquartered in Hong Kong, operates regional offices and manufacturing in Japan, Singapore and Malaysia, employs over 300 people, and owns historic brands such as Hamada Shoyu, Bidor Kwong Heng and Woh Hup Food. The investment is intended to back Heritage Foods’ bolt-on acquisition strategy and international expansion into retail and foodservice channels.

VIG Partners Acquires 85% Stake in Teazen Inc

April 26, 2022

Food & Beverage

South Korean buyout firm VIG Partners has agreed to acquire an 85% stake in Teazen Inc, a tea-based health drinks maker best known for its Tae-ri Kim Kombucha. VIG will purchase 70% from IBK-TS Private Equity Fund and 15% from CEO Jong-tae Kim and related parties for about $70 million, with closing expected in May; VIG plans to install professional management and expand Teazen's customer reach.

Investcorp Acquires Majority Stake in Sunrise Produce

October 4, 2022

Food & Beverage

Investcorp has acquired a majority stake in Sunrise Produce, a Southern California-based wholesale produce distributor headquartered in Fullerton, California. The investment will support Sunrise’s growth plans, enabling geographic expansion and potential add-on acquisitions while founder Paul Carone retires and CEO David Sapia remains a significant shareholder.