Private equity group EQT has sold Singapore-based food service distributor Classic Fine Foods Group (CFF) to Germany-based retailing company Metro Group. The transaction values CFF at an initial enterprise value of US$290 million, with an additional earn-out of up to US$38 million based on the company’s performance in 2015 to 2017. The transaction was structured through EQT Greater China II Fund. EQT originally acquired CFF from international holding company Vestey Group in 2011.