ARC Capital sells Shanghai supermarket group for $164.8M

ARC Capital Holdings Limited has sold its entire stake in Shanghai Jiadeli Supermarket to Shanghai Haihang Jiale Enterprise Management Co. Ltd in a deal with RMB1.1 billion (equivalent to US$164.8 million). The supermarket group is the third largest in Shanghai. ARC invested $89.1 million between January 2007 and August 2008. This is ARC’s first control investment to go full-cycle, from acquisition to sale.

DealsNorth AmericaUSBriefs