Aureos invests $4.16 million in Malaysia's TF Wholesale
The Aureos Malaysia Fund has made its third major investment since its 2007 launch, infusing $4.16 million in retail hypermarket chain TF Wholesale and Distribution Sdn Bhd.
According to the company, the Malaysia Fund is part of the Aureos South East Asia Fund I, which currently has $25 million worth of commitments with a specialization in SME targets in emerging markets. Aureos Capital claims to have more than $1.2 billion under its management, which includes the recently established Aureos Southeast Asia Fund II, a vehicle targeting $250 million for investment into Southeast Asia's small-to-mid-cap businesses. With its investment, TF Wholesale looks to undergo a process of “rapid growth strategy” that will include the launch of several new outlets over the next three years. The chain has been in operation for more than 50 years and includes hypermarkets across Malaysia.
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