H.I.G. Capital to Acquire Majority Stake in German Asian Food Retailer go asia
H.I.G. Capital has signed a definitive agreement to acquire a majority stake in go asia, Germany's largest retail chain specializing in Asian food. While the financial terms of the deal were not disclosed, the transaction is subject to customary regulatory approvals. Founded in 2008 and headquartered in Berlin, go asia operates over 70 stores across more than 30 German cities and employs approximately 1,600 people. The partnership aims to leverage H.I.G.'s retail expertise and capital to accelerate the company's expansion within Germany and into broader European markets. The founding family, led by Wengui Ye, will retain a significant ownership interest and continue to play an active role in management. This strategic move is designed to scale go asia's distinctive store concept and its extensive catalog of over 10,000 Asian products.
Topics: Acquisition Expansion Private Equity Retail
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