International private equity firm Actis has made a $10 million investment for a 20%-30% stake in China Wolfberry Holding Company. The company is China's largest producer of wolfberry wine sold under its main brand Ning Xia Hong.
For those not up to speed on the latest trends in fruit, Wolfberries are rich in beta carotene and vitamin C with widely believed health benefits in mainland China and increasingly elsewhere. The fruit is now appearing in trendy cosmetics, alcopos and herbal wines.
Looking for the next Red Bull investment, Actis has made its investment in the company and is helping with strengthening the management team and providing some...
