Core Insights - IDG Capital is acquiring a 45.22% stake in Yoplait China from Tian Tu Investment for approximately 814 million RMB, with additional sellers holding 41.74% of the equity for a total consideration of 751.3 million RMB [1][2] - The acquisition will retain the existing management team of Yoplait China to enhance brand competitiveness and support regional expansion and product innovation [1] - Yoplait, a brand with a 60-year history, is the second-largest yogurt brand globally and entered the Chinese market in 2013 [2] Company Overview - Yoplait China was established in July 2013 and focuses on the production and sale of yogurt and other dairy beverages [1] - In 2023, Yoplait China reported revenues of 454 million RMB and a net profit of 8.515 million RMB, with projected revenues of 810 million RMB and a net profit of 95.454 million RMB for 2024 [1] Investment Context - Tian Tu Investment views the sale as an opportunity to realize long-term investment returns and enhance liquidity for other investment opportunities [2] - Tian Tu Investment, founded in 2002, specializes in the Chinese consumer sector and has over 25 billion RMB in assets under management, with more than 200 investments [2] - The company reported a revenue of 14.223 million RMB in the first half of 2023, a decrease of 33.78% year-on-year, but achieved a net profit of 76.005 million RMB, reversing previous losses [2]

格隆汇12月1日丨天图投资(01973.HK)公告，于2025年12月1日，集团卖方与买方昆山诺源睿源管理谘询 有限公司、其他卖方及管理层卖方订立股份购买协议，据此，(其中包括)集团卖方已有条件同意出售， 而买方已有条件同意向集团卖方收购优诺中国45.22%股权，现金对价为人民币8.14亿元。于本公告日 期，集团持有优诺中国45.22%股权，确认为按公允价值计量的联营公司权益。 优诺中国为于2013年7月8日在中国注册成立的有限公司，主要于中国从事酸奶及其他含乳饮品的生产及 销售。于本公告日期，集团透过(i)公司全资附属公司兴启投资(持有优诺中国27.83%股权)及(ii)公司控股 附属公司天图兴鹏(持有优诺中国17.39%股权)持有优诺中国45.22%股权。 公司是一家领先的私募股权投资者及基金管理公司，为机构投资者、高净值人士管理资本，并通过其管 理的基金及自有资本直接进行投资。出售事项为集团提供了一个机会，以实现其一项长期投资的投资， 该投资的权益由集团于2019年通过收购交易取得，提供投资回报并增加集团的流动性，并可用于其他投 资机会。此外，集团卖方一天图兴鹏目前正处于退出期，该基金将寻求剥离其持有的 ...