J.P. Morgan Capital Corp., the private equity arm of J.P. Morgan & Co., has invested $50 million in two food companies, acquiring an 18.6% equity stake in Corfuerte and an 18.6% interest in Authentic Acquisition Corp.

The transaction is awaiting Mexican antitrust approval. Corfuerte and Authentic are, respectively, the Mexican and American subsidiaries of Mexico-based DESC, a leading producer and distributor of processed foods.

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