Clifford Chance advised EQT Mid Market fund on the deal.
EQT Mid Market fund (“EQT Private Equity”) sold its majority stake in CFB Group, a Chinese multi-brand food and beverage platform operator incorporated in the Cayman Islands, to Fountainvest Partners.
In 2013, EQT Private Equity acquired a majority stake in CFB Group, and had since grown and diversified CFB Group from a two-brand master franchisee to a leading multi-brand platform operator. Today, CFB Group has a portfolio of brands including ice-cream brand Dairy Queen, pizza brand Papa John’s, Brut Eatery, XiaoMian, and San Dao Ru Chuan and has more than 1,100 stores across China.
The transaction was led by Clifford Chance’s partner Bryan Koo (Picture), with support from senior associate Ryan Wong, associates Winifred Chow and Cecilia Chan and trainee solicitor Tobias Wong.
Law Firms: Clifford Chance;
Clients: EQT Mid Market;