Private-equity firm KKR & Co. said it has secured a significant minority stake in Yuehai Feed Group, a leading aquatic feed company in China.
The stake purchase was worth around US$100 million, Bloomberg News cited Julian Wolhardt, KKR’s regional China head, as saying.
Yuehai, based in Guangdong, mainly produces feed for shrimp and seawater fish. The KKR investment will help the firm boost output and expand into other types of fish feeds, Wolhardt said.
The Yuehai purchase is KKR’s fifth investment in a Chinese company involved in improving the country’s food safety and security, Wolhardt was quoted as saying in an interview.
Previous food-related investments include China Modern Dairy Holdings, Cofco Meat Investment Co., and Fujian Sunner Development Co., China’s largest chicken breeder and processor.
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