Beef Processor Kilcoy Prepares $400 Million Hong Kong IPO

Kilcoy Global Foods, an Australian beef processor owned by Chinese buyout firm Beijing Hosen Investment Management, is preparing a Hong Kong initial public offering that could raise $300 million to $400 million, people with knowledge of the matter said.

Kilcoy, which supplies beef products to restaurants including the Tony Roma’s steakhouse chain, is expected to go public in the former British colony in the first half of next year, said the people, who asked not to be identified as the information is private.