Chinese firm FountainVest Partners closing in on Ziwi – report

FountainVest Partners looks to be front-runner. (Image: Supplied)

Mon, 20 Sep 2021

Chinese private equity firm FountainVest Partners is nearing a deal to buy pet food company Ziwi, according to people familiar with the matter, Bloomberg reported. FountainVest plans to buy Ziwi in a deal that would value the company at about $1.5 billion, the report said. Ziwi and FountainVest Partners did not immediately respond to a request for comment. According to Bloomberg, FountainVest is the likely buyer after outbidding rivals. In August, the Australian Financial Review reported the early favorite to buy up Ziwi was...

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