LBOConsumerSIGNED
H.I.G. Capital Signs Definitive Agreement to Acquire Majority Stake in go asia
Acquirer
H.I.G. Capital
Target
go asia
An affiliate of global private capital firm H.I.G. Capital has signed a definitive agreement to acquire a majority stake in go asia. H.I.G. manages $76 billion of capital.
✦ Meridian Analysis
H.I.G. Capital’s German affiliate has signed a definitive agreement to acquire a majority equity stake in go asia, Germany’s largest retail chain for Asian food. The transaction is subject to customary regulatory approvals and financial terms of the transaction were not disclosed. The founding family, led by Wengui Ye, will retain a significant ownership interest and continue to run the business. H.I.G. will contribute its retail and consumer expertise, international network, and capital resources to support go asia’s store‑network expansion in Germany and Europe.
Go asia operates over 70 stores in more than 30 German cities. Meridian reported earlier this month that H.I.G. also secured a majority stake in L4A.
Deal professionals will be watching for the final regulatory clearance timeline and the identity of advisers on both sides, none of which have been disclosed.
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