The board of Chinese infant nutrition group Feihe International has agreed to be taken private in a deal financed by a group including its chairman and CEO.

In an announcement yesterday (3 March), Feihe said the group will acquire the company for $7.40 per share without interest. The deal values Feihe at around US$147m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company had received a letter of interest from CEO You-Bin Leng to acquire all the outstanding shares of common stock of the company he did not own, in October last year. He had a 45.34% stake in the firm.

The deal will be financed through a combination of an equity commitment of $28.1m by Morgan Stanley, $8.16m by Leng, and a $50m term-loan facility from Wing Lung Bank and Cathay United Bank.

The merger is expected to close in the second quarter.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now