Mergers & Acquisitions
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Thailand’s Food Capitals acquires restaurant operators, Osha Group and G Enterprise for US$11.6 million
Food Capitals operates The Coffee Bean & Tea Leaf, Domino’s Pizza and Korean fried chicken restaurant chain Kyochon.
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Malaysian fast fashion brand NOSE to demerge from iFashion
iFashion is a leading venture platform company focused on investing and acquiring fashion and lifestyle e-commerce ventures based in Southeast Asia.
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CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary
CIP has long been attempting to sell the shell company of LMG.
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AirAsia takes 50 percent stake in travel curator Touristly for US$2.6 million
Touristly will have the opportunity to tap into the AirAsia’s regional network, and monetize AirAsia’s 60 million flyers.
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Village Grocer acquires B.I.G Supermarkets to become the leader in premium grocery
Malaysian premium grocery chain, Village Grocer owned by Navis Capital Partners has acquired domestic rival Ben’s Independent Grocer (BIG).
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VIB interested to buy ANZ’s retail operations in Vietnam
Last month, ANZ announced that it is looking to exit its retail and wealth businesses in Vietnam.
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Crowe Horwath acquires Partners Capital to extend corporate advisory services
Crowe Horwath is adding Partners Capital, an outsource investment office to provide corporate advisory services. The financial terms of the deal were undisclosed.
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Naver Labs to acquire 3D technology startup Epipolar
Financial details of the deal were not revealed.
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Temasek acquires minority stake in India’s hospital chain Manipal Health
Temasek Holdings is set to acquire an 18 percent stake in Manipal Health Enterprises Pvt Ltd. from True North for Rs 1400 crore (about US$215 million).
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Shares of Vedanta, Cairn India surge by 5% after NCLT approves merger
NCLT, Mumbai bench has approved the scheme of arrangement between Vedanta Limited and Cairn India Limited .
