Global private equity firm The Carlyle Group announced a 17.3% stake investment in Guangdong Yashili Group Co., Ltd., one of China’s largest infant formula companies.
The investment, made through Carlyle Asia Partners, will help South China’s Guangdong Province-based Yashili strengthen the management expertise, enhance R&D capabilities and create a world-class quality control system.
Further financial details were not disclosed.
Commenting on the agreement, Mr. Zhang Lidian, CEO of Yashili Group, said “We are always looking for value-creating partnerships that help deliver our core commitment to quality, nutrition and children’s health. Our partnership with Carlyle will greatly enhance management and operations by bringing international best practices, rigorous standards and strictest quality control, as well as adding to our financial strength”.