Zhongpin Inc. entered into a definitive agreement to be acquired by an insider group in a going-private transaction

Duff & Phelps Advised Zhongpin Inc. on its Going-Private Transaction

Transaction Description

March 27, 2012, the Company announced that Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc. made a preliminary, non-binding proposal to acquire remaining 82.5% stake in Zhongpin Inc. in a going-private transaction for approximately $420 million in cash.Zhongpin had an option to initiate, solicit and encourage any alternative transaction proposals from third parties under the Go Shop provision conducted by Duff & Phelps

About the Company

Zhongpin Inc. engages in the processing and distribution of meat and food products primarily in the People’s Republic of China. It provides pork and pork products, such as chilled pork, frozen pork, hog by-products and variety meats, and prepared meats; and vegetable and fruit products, including asparagus, sweet corn, broccoli, mushrooms, lima beans, strawberries, and capsicums. Zhongpin sells its products under the Zhongpin brand name on wholesale basis to fast food companies, processing factories, school cafeterias, factory canteens, hotels, army bases, hospitals, and government departments, as well as directly to retail outlets, including supermarkets.

Role of Duff & Phelps

Duff & Phelps acted as the co-advisor to the Special Committee of the Board of Directors of Zhongpin Inc., ran a Go-Shop process and issued a fairness opinion in connection with the transaction.

2013-12-30T00:00:00.0000000 /-/media/assets/images/transactions/2014/zhongpin.ashx /about-us/transactions/fairness-opinions/financial-advisor-zhongpin-inc case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {C91DEFE0-8446-4573-8D7B-6D30B0BA9D81} {E010DCD9-B7BA-4B98-9F3C-A51506B5C1D8} {4DACD310-421A-42AC-BEF4-8AA7E70484CD} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {B35EF5AE-20CE-49EC-807A-1101A09BBAED}

Related Services

Duff & Phelps Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Duff & Phelps Corporate Finance

Corporate Finance

Fairness Opinions

#1 ranked provider of fairness opinions for boards of directors and special committees.

Fairness Opinions
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Valuation Services

Objective valuations for financial reporting, tax and management planning purposes.

Valuation Services
Duff & Phelps Corporate Finance

Corporate Finance

M&A Advisory

Middle-market M&A advisory differentiated by industry expertise and superior deal execution.

M&A Advisory
Duff & Phelps Corporate Finance

Corporate Finance

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services

Related Case Studies

Insights