Compass Group purchases Hong Kong business Shing Hin Catering Group

Global caterer Compass Group has acquired Shing Hin Catering Group in Hong Kong through its subsidiary Compass Group Hong Kong Limited. Round-up of today's M&A deals.

Global caterer Compass Group has announced the acquisition of Hong Kong company Shing Hin Catering Group from Mr Au-Yeung Kwan by its subsidiary Compass Group Hong Kong Limited.

Compass Group has strengthened its existing food services business within the Education and Business & Industry sectors in Hong Kong with this bolt-on acquisition which will reinforce the platform for further development into the fast growing Chinese market.

Shing Hin Catering generated annual revenues to 31 December 2010 of £12.7 million and gross assets at that date were £1.4 million.

Financial details of the deal were undisclosed.

Round-up of today’s M&A deals

  • Australian coking coal producer Caledon Resources has agreed to buy a Chinese investment group having obtained Chinese regulatory approval

Value: £313.1 million

Advisers: undisclosed

Read more

  • N+1 Private Equity has entered a binding agreement to acquire 100 per cent of the share capital of Radiacion y Microondas (Rymsa) and 100 per cent of Teltronic

Value: £900,000

Advisers: undisclosed

Read more

  • DN Capital has completed the sale of Datanomic to Oracle

Value: undisclosed

Advisers: undisclosed

Read more

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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