Shanghai’s Bright Food Upset Over Recent High-Priced Acquisition of Israel’s Tnuva Food

At the end of the first quarter this year, the Apax Partners investment fund and Mivtach Shamir Holdings Ltd., controlled by Meir Shamir, completed one of the biggest and most successful deals in Israel in years by selling their controlling interest in Tnuva Food Industries Ltd. to Chinese company Bright Food for NIS 8.6 billion,

Bright Dairy to Purchase Raw-Milk Operations from Shanghai Dairy Group

Bright Dairy & Food Co, China’s third-largest milk producer by market value, plans to purchase raw-milk supply operations from its State-owned parent. The company will acquire cattle-breeding and raw-milk businesses under its parent’s Shanghai Dairy Group unit, Pan Jianjun, a spokesman for the group, said on Thursday [18 June 2015]. The deal would help Bright

Asian Private Equity Firm to Purchase 45% Stake in Shanghai’s Bright Dairy, while Bright Food Looks to Purchases Israel’s Tnuva

RRJ Capital, a private equity firm run by former Goldman Sachs partner Richard Ong, plans to invest 1.52 billion yuan (HK$1.93 billion) for a 45 per cent stake in a joint venture with Shanghai-listed Bright Dairy & Food. Bright Dairy will consolidate all the dairy farms and related business into the joint venture, Bright Holstan,