KKR is negotiating to acquire an 85% stake in Chinese beverage company Dayao, seeking to enhance its consumer portfolio in Asia.

Target Company Information

KKR is in advanced discussions to acquire an 85% controlling stake in Dayao, a prominent beverage company based in China. This transaction is a strategic move by KKR to bolster its consumer portfolio within the Asian market. Under the terms of the agreement, Dayao's founding team will retain a minority stake in the company, ensuring their continued involvement in the business as KKR assumes majority control. The deal is still pending regulatory approval from Chinese authorities and has not been officially finalized.

Dayao is headquartered in Inner Mongolia and offers a diverse range of consumer beverages, including carbonated sodas, fruit juices, and protein-enriched drinks. Beyond the domestic market, Dayao has established an international presence, successfully exporting its products to regions such as Russia and Southeast Asia.

Industry Overview

The beverage industry in China has undergone significant transformations in recent years, driven by rapid urbanization, a growing middle class, and evolving consumer preferences. This has led to an increased demand for in