Deals
CVC Capital Is Said to Invest in Indonesia's Top Snack Producer
- Private equity firm invests about $150 million in GarudaFood
- CVC buys Malaysia’s Munchy Group for about $250 million
Snack food items made Garuda Foods Putra Putri at a supermarket in Jakarta.
Photographer: Dimas Ardian/Bloomberg
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CVC Capital Partners has invested in PT GarudaFood Putra Putri Jaya, Indonesia’s top snack-food maker, as the private equity firm deepens its exposure to fast-growing Southeast Asia, people with knowledge of the matter said.
CVC invested about $150 million in GarudaFood ahead of a planned initial public offering, according to the people, who asked not to be identified because the information is private. It has also completed the acquisition of Malaysian snack-food maker Munchy Group for about $250 million, one of the people said.