Southern Capital backs Malaysia’s Adventa in $100m MBO
Singapore-based Mulberry Asia Fund II, a private equity fund managed by Southern Capital Group, has acquired medical products manufacturer Adventa alongside its present managing director Low Chin Guan. The deal is valued at MYR320.85 million ($100 million).
According to a filing to Bursa Malaysia dated 10 July 2012, the price is equivalent to RM2.1 per Adventa share. The offer was made through Aspion, a special purpose vehicle in which Mulberry and Low hold...
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