KV Asia exits Malaysian grocery retailer to ICG
Southeast Asia-focused private equity firm KV Asia Capital has exited TF Value Mart (TFVM), a Malaysia-based grocery retailer in which it has held a controlling stake since 2016, to Intermediate Capital Group (ICG).
The size of the transaction was not disclosed. It is the first deal from ICG’s fourth Asia Pacific fund, which pursues mid-market sponsorless transactions alongside traditional mezzanine deals, primarily...
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