ARC Capital Holdings, an investment firm, has signed a definitive agreement with Prospect Link for the sale of its entire stake in Ningxia Xiajin Dairy for $30m.
Ningxia Xiajin Dairy, which is a China-based establishment, produces milk and dairy products. It offers products, including fresh milk, reconstituted milk, yogurt, flavored milk beverages, fruit yogurt drinks and milk powder.
The transaction is expected to be closed by the end of January 2014, and the sale proceeds will be distributed among the shareholders.
According to the company, the sale price is 1.7 times more than the initial investment costs of around $18.1m.
ARC Capital Holdings specializes in late stage, emerging growth, buy-outs, consolidation, pre-IPO private equity investments, and mezzanine securities investments. It may invest in equity, quasi-equity, or debt instruments.
The fund typically invests in Greater China and also in neighboring Asian countries with at least 70% of the gross asset value invested in China and up to a maximum of 30% of the gross asset value invested in Greater China and other countries in Asia.
