Deals
China Sovereign Fund, Bain Compete for Nature's Care
- Citic Capital also weighs binding bid for supplement maker
- Sale could value Australian company at about A$700 million
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An arm of China’s sovereign fund is competing with buyout firms in the bidding for Nature’s Care Manufacture Pty, as the Australian supplement brand’s owner makes a second attempt at a sale, people with knowledge of the matter said.
China Jianyin Investment Ltd., a unit of state-run China Investment Corp. that’s known as JIC, is among suitors invited to make binding offers for Nature’s Care, according to the people. Bain Capital and Chinese private equity firm Citic Capital have also been weighing second-round bids for the Sydney-based company, the people said, asking not to be identified because the information is private.