H.I.G. Capital to Acquire Majority Stake in German Asian Food Retailer go asia
Global private equity firm H.I.G. Capital has signed a definitive agreement to acquire a majority stake in go asia, Germany's largest retailer of Asian food products. While the financial terms of the transaction remain undisclosed, the deal is subject to customary regulatory approvals. Founded in 2008 and based in Berlin, go asia operates over 70 stores across more than 30 German cities with a workforce of 1,600 employees. The partnership aims to leverage H.I.G. Capital's retail expertise and international network to accelerate the company's expansion within Germany and into broader European markets. The founding family, led by Wengui Ye, will retain a significant stake in the company. Mr. Ye and the existing management team will continue to play active roles in driving the brand's next phase of growth.
Topics: Acquisition Food Industry Private Equity Retail
Read the full article at PR Newswire
Part of the story H.I.G. Capital to Acquire Majority Stake in go asia (3 articles)