Private Equity Firm Consumer

CR Capital Management

Hong Kong, Hong Kong, Hong Kong

CR Capital Management is China Resources’ private investment arm, making strategic and private market investments across Greater China and Asia, with a focus on consumer/retail and related sectors.

Focus Areas
Consumer/retail investments, Food & beverage (consumer brand and condiments/sauces), Specialty grocery / supermarket retail

Tracked deals

4

4 tracked deals across 2020-2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 growth capital

CR Capital Management Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for CR Capital Management. 2 2020 2 2021

Supporting Data

Recent Transactions

  • Buyer
    Investcorp, China Resources Capital Management, Fung Strategic Holdings Limited, Asia Food Growth Fund I
    Target
    Mo Xiaoxian
    Industry
    Food & Beverage
    Location
    Shanghai, China

    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.

  • Buyer
    Investcorp, China Resources (China Resources Capital Management), Fung Strategic Holdings Limited
    Target
    Heritage Foods
    Industry
    Food & Beverage
    Location
    Hong Kong
    Type
    Buyout

    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.

  • Buyer
    Investcorp, CR Capital (China Resources' private investment arm), Fung Strategic Holdings Limited
    Target
    Viz Branz Holdings Pte Ltd
    Seller
    Mr. Ben Chng
    Industry
    Food & Beverage
    Location
    Singapore
    Type
    Buyout

    Investcorp has entered into a definitive agreement to acquire a majority ownership position in Viz Branz Holdings Pte Ltd, a Singapore-headquartered manufacturer and distributor of instant cereal and beverage brands. The transaction was completed in partnership with CR Capital (the private investment arm of China Resources Group) and Fung Strategic Holdings; founder and CEO Mr. Ben Chng will retain a significant ownership stake. Viz Branz operates manufacturing facilities in China and Myanmar, employs approximately 1,300 people and generated about SGD 170 million in sales for the year to 30 June 2020.

  • Buyer
    Investcorp, China Resources Capital Management Limited, Fung Strategic Holdings Limited
    Target
    City Super Group
    Seller
    Fenix Group, Lane Crawford Joyce Group
    Industry
    Retail
    Location
    Hong Kong
    Type
    Buyout

    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.

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