H.I.G. Capital to Acquire Majority Stake in go asia
H.I.G. Capital, a global alternative investment firm with $76 billion in assets under management, has signed a definitive agreement through an affiliate to acquire a majority stake in go asia, Germany's largest Asian grocery retailer. While the financial terms of the transaction were not disclosed, the deal is subject to customary regulatory approvals. Founded in 2008 by Wengui Ye, 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 international network to accelerate the company's expansion within Germany and into broader European markets. The founding family will retain a significant stake and continue to participate in the company's leadership.
Topics: Acquisition Expansion Private Equity Retail
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