U.S. Bain Capital to acquire stake in CJ CheilJedang’s unit for $320 million

Industry:    May, 2019

South Korean food giant CJ CheilJedang Corp said on Thursday that U.S. private equity fund Bain Capital had agreed to acquire a 27% stake its U.S. unit CJ Foods America for $320 million.

Bain would become a financial investor for CJ’s recent acquisition of U.S. frozen foods firm Schwan’s Co for $1.84 billion, CJ said in a regulatory filing.