Deals
Chinese Healthy Food and Bakery Chain Wagas Weighing Sale
- Sale could value the business at $500 million to $600 million
- Wagas has drawn early interest from buyout firms, food firms
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Wagas, a cafe business in China serving light and healthy food, is exploring a sale amid interest from potential investors, according to people familiar with the matter.
The closely-held firm is working with a financial adviser to help find a buyer, the people said, asking not to be identified because the matter is private. A sale could value the Shanghai-based business at $500 million to $600 million, the people said.