PE firm Affinity is Beijing’s new milkman

Private equity firm Affinity Equity Partners acquires a 40% stake in a Chinese dairy business, giving it a share of the biggest milk supplier to Beijing.
China is attempting to rebuild its national dairy industry and wean its citizens off imported milk.
China is attempting to rebuild its national dairy industry and wean its citizens off imported milk.
October 25, 2013

Private equity firm Affinity Equity Partners has acquired a 40% stake in the largest dairy supplier to Beijing for $123 million, according to a person familiar with the matter.

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