Shuanghui is a $7 billion behemoth that is the dominant sausage maker and pork processor in China. The company is now seeking to complete the biggest Chinese acquisition ever of an American company. Behind the bid was a group of savvy investors and global deal makers who hold a substantial stake in the Chinese company: Goldman Sachs, CDH Investments, Singapore’s sovereign wealth fund and New Horizon Capital, a private equity firm co-founded by the son of the former Chinese prime minister Wen Jiabao. http://www.nytimes.com/2013/06/03/business/global/behind-the-chinese-bid-for-smithfield-foods.html?ref=world  The presence of so many of Asia’s power brokers in the bid illustrates not just how deals get done in China these days but also how Wall Street and Asia’s elites are likely to collaborate on future cross-border mergers and acquisitions.
merica’s biggest private equity firms already have a major presence in China, with TPG, the Carlyle Group and Blackstone seeking deals. Often they co-invest alongside Asia’s biggest investment firms. One of the best-known is CDH Investments, a private equity and venture capital firm that manages more than $7 billion in assets with operations in Beijing.
“Our goal is to be the biggest in China, and the leading meat supplier in the world.”
Shuanghui set up an offshore entity, based in the Cayman Islands, which one of the company’s advisers said would be used to acquire Smithfield Foods, with financing help from Morgan Stanley, the company’s banker in the deal.

The group controls nearly half the shares of Shuanghui International, much of which was acquired about seven years ago by helping privatize a company that had been run as a state-owned meat processor.