SEAVI Advent Private Equity completes its investment into Nine Masters (China) Food & Catering Service Holding Co. Ltd. In January 2013, SEAVI Advent Private Equity (“SEAVI Advent”) completed an US$6 million investment in Nine Masters (China) Food & Catering Service Holding Co., Ltd. (the “Company” or “Nine Masters”).
Nine Masters is a fast growing catering service provider in Shanghai and the nearby districts. The Company operates a central kitchen in Jiading District, Shanghai, which is named the automobile city in Shanghai with manufacturing facilities established by the world’s leading manufacturers in automobile segment, as well as other segments. Nine Masters provides catering and food delivery service to corporate customers in and around Jiading District with its central kitchen facility.
Nine Masters also engages in canteen management serving many Fortune 500 companies in Shanghai with a one-stop catering solution for its customers. In addition, Nine Masters has catering service contracts from various government agencies amid progressive trend of outsourcing non-core business functions to professional service providers.
Nine Masters value its strength in food safety, operation management and quality helmed by industry veteran Mr. Collin Yao with many years of experience in the catering domain. SEAVI Advent is confident of Nine Masters tremendous growth prospects from the strong demand for B2B catering solutions in China.
About SEAVI Advent Private Equity
SEAVI Advent Private Equity, the Asian affiliate of Boston based private equity firm Advent International Corporation, is one of the first private equity and venture capital firms to operate in the Asia Pacific region with a 30-year history since 1984.
The firm has invested over US$500 million into more than 110 Asian companies, including 42 portfolio companies listed and exited through initial public offerings in the various stock exchanges in Singapore, Hong Kong, China, Malaysia, Indonesia, Thailand, Philippines and in the United States.
SEAVI Advent has been instrumental in delivering value for many of its portfolio companies, which included Yangzijiang Shipbuilding (Holdings) Ltd, Speedy-Tech Electronics Ltd, Li & Fung/IDS Logistics, Amtek Engineering Ltd and Venture Corporation Ltd.