date:Apr 30, 2014
Private equity firm Actis has acquired a significant minority stake in Chinese biscuit brand Jiashili Food Group.
Jiashili produces plain biscuits and crackers, and holds a major share of the plain biscuit market in China.
Actis is investing alongside the investment by Jiashili's current Chairman and owner, Huang.
Actis Consumer head Andreas von Paleske said that the company has identified significant growth potential for Jiashili, based upon leveraging the company's strong brand and product