Baring Private Equity Asia (BPEA) has increased its stake in Hong Kong-listed beauty products retailer Magic Holdings, purchasing 7.34 million shares on the open market for HK$22.26 million ($2.9 million). It remains the largest individual investor in the company with a 21.03% holding.
According to a regulatory filing, the investment was channeled through Baring Private Equity Asia V, a $2.46 billion vehicle that closed in January 2011. BPEA acquired a 15% interest in Magic Holdings...
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