Trustar Capital Weighs Sale of Hong Kong Soy Sauce Brand Amoy
- Buyout firm is seeking a valuation of about $300 million
- Amoy, founded in 1908, has been based in Hong Kong since 1928
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Trustar Capital is considering selling Amoy Food Ltd., the 115-year-old Hong Kong soy sauce maker, according to people familiar with the matter.
The private equity firm formerly known as Citic Capital Partners has held initial discussions with potential advisers about the divestment, said the people, who asked not to be identified as the information is private. Trustar is seeking a valuation of about $300 million for Amoy, the people said.