Source: Insider: KKR plans to acquire 85% equity of Chinese beverage company Dayao Drink, Dayao Drink responds: no comment.

American private equity firm KKR is planning to acquire 85% of a Chinese beverage company, speculated to be Dayu Drinks. "This deal has been in talks for a year," a source close to the transaction told reporters. In response to the news, Dayu stated to reporters that they have no comment. According to 36Kr, Dayu's revenue is expected to be tens of billions by 2024. Earlier reports indicated that Dayu Drinks is preparing for a potential IPO in Hong Kong as early as the second half of 2025. Unlike many consumer companies rushing to go public in the current market, Dayu's founding team has chosen a different path. As a veteran PE firm known for its mergers and acquisitions, KKR is often referred to as the "king of Wall Street acquisitions." Industry insiders praise their "prudent approach" and reputation for being one of the oldest and most experienced private equity firms globally.