SCPE Acquires Sunwoo for US$90 Million (Asia)

Source(s): Asia Venture Capital Journal | Author(s): Tim Burroughs

Emerging markets-focused principal investor Standard Chartered Private Equity (SCPE) has acquired a controlling stake in Sunwoo, a South Korea-based meat importer, for US$90 million. The company sources meat from international suppliers, including U.S.-based Cargill and Brazil-based JBS, and distributes it to domestic restaurants, wholesalers and meat processors.