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Yum China to acquire PE-backed delivery firm Daojia

AVCJ Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in China, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors. Reuters has reported that Yum China was in talks to buy Daojia for up to $200 million in November 2016.


Trade sale, China, TMT, Exit, Macquarie Group, Northern Light Venture Capital, CDH Investments Management,food delivery service,private equity deals,private equity investment,M&A