Selling shares in yogurt giant, VC/PE pulls back over $1.5 billion

Investment firm Tian Tu concludes its six-year foray at the helm of global yogurt brand Unohu in China, as Shenzhen Tian Tu Investment Management Co. (1973.HK) reveals the sale of all shares in Unohu Dairy Co., Ltd. (Unohu China). The buyer, Kunshan Nuoyuan Ruiyuan Management Consulting Co., backed by IDG Capital, gains operational control of Unohu China in a deal valued at approximately $2.59 billion. Tian Tu and affiliates pocket around $2.26 billion from the $1.5 billion sale, marking its exit from Unohu. The timing of this move has sparked interest, strategically capitalizing on Unohu China’s recent uptick in local…