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Last year, a variety of Chinese dairy firms got embroiled in a major scandal. Some milk contained melamine, which resulted in the deaths of four infants. As a result, the Chinese government took swift action.

Now, it looks like the situation is getting much better. In fact, private equity firms are starting to invest in the sector.

The latest deal: The Carlyle Group has agreed to purchase a 17.3% equity stake in Yashili, which is one of the largest infant formula operators in China (the amount was not disclosed). The company got its start in the early 1980s.

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Carlyle sees huge potential in Chinese dairy sector originally appeared on BloggingStocks on Mon, 21 Sep 2009 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Carlyle GroupCarlyleGroupinthenewsPatrick SiewertPatrickSiewertYashihiMon, 21 Sep 2009 14:30:00 EST