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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.