TPG and Northstar Acquire 80% of Japfa's Southeast Asia Dairy Business (Greenfields)
December 7, 2020
TPG and Northstar Group have agreed to acquire an 80% stake in Japfa Ltd's Southeast Asia branded dairy business (Greenfields) for US$236 million, with Japfa retaining a 20% interest. The strategic partnership gives the investors funding and senior management expertise to accelerate growth of the vertically integrated dairy business across Southeast Asia while Japfa focuses on its China dairy operations and other core businesses.
- Buyers
- TPG, Northstar Group
- Targets
- Japfa Southeast Asia branded dairy business (Greenfields)
- Sellers
- Japfa Ltd
- Industry
- Food & Beverage
- Location
- East Java, Indonesia
- Transaction Type
- Divestiture
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