Brynwood Partners VII has announced the completion of the acquisition of US-based brewing company Cold Spring from the Lenore family.

Cold Spring primarily manufactures beverages for private labels and other companies' brands, as well as beer under the Third Street Brewhouse brand. It also distributes in Minnesota and Wisconsin.

Holland & Knight was the legal agent for Brynwood VII, while Cascadia Capital and Stinson Leonard Street respectively acted as the investment banking adviser and legal adviser for Cold Spring.

"Cold Spring primarily manufactures beverages for private labels and other companies' brand."

Hong Kong-based investment holding company COFCO Dairy Investments has reached an agreement with China Modern Dairy Holdings to acquire 30 million shares.

Representing a 0.49% stake, the HK$41.4m ($5.29m) deal is an all-cash transaction.

Based in China, the target company provides milk and other dairy products.

Somerley Capital acted as the financial adviser for China Mengniu Dairy.