Indonesia’s Sari Murni Abadi (Momogi) Acquires 99% of Vietnam’s Bibica for $105 Million
Indonesia’s PT Sari Murni Abadi, the family-owned snack manufacturer behind the Momogi brand, has completed the acquisition of a 99.13% stake in Vietnam’s Bibica Corporation from The PAN Group for roughly VND2.63 trillion (approximately US$105 million). Announced on 6 November 2025 and completed on 26 March 2026, the deal hands an Indonesian snack maker control […]
Sagtec Global Acquires 40% Stake in Malaysian Heritage F&B Group Malaya Heritage Holding
Sagtec Global Limited, the Nasdaq-listed Kuala Lumpur-based F&B technology company, has signed a definitive agreement to acquire a 40% equity stake in Malaya Heritage Holding Limited, a heritage-cuisine Malaysian restaurant group preparing for a targeted 2027 public listing. Announced on 29 May 2026, the deal converts an existing technology-consultancy relationship between the two companies into […]
Hextar Industries Buys 51% of llaollao Operator Woodpeckers Group for RM177.5 Million
Hextar Industries Bhd has agreed to acquire a 51% stake in Woodpeckers Group Sdn Bhd, Malaysia’s master franchisee for Spain’s llaollao frozen yogurt brand, for RM177.5 million in cash. Announced on 12 February 2026, the deal values Woodpeckers at RM348 million for 100% of the business and marks Hextar’s largest and boldest step yet in […]
Djarum Group Completes $89 Million SariWangi Tea Acquisition from Unilever Indonesia
PT Savoria Kreasi Rasa, the food and beverage arm of Indonesian conglomerate Djarum Group, has completed its acquisition of the SariWangi tea brand and business from PT Unilever Indonesia Tbk for IDR 1.5 trillion (approximately US$89 million). The Business Transfer Agreement was signed on 6 January 2026, and the deal closed on 2 March 2026 […]
Life Water Berhad to Acquire 90% of Hung Tai Group for RM46.8 Million, Expanding Beyond Bottled Water
Life Water Berhad, the Bursa Malaysia-listed bottled-water manufacturer based in Sabah, has entered a Share Sale Agreement to acquire a 90% stake in Hung Tai Group — a Sabah food manufacturing, wholesale and mini-market retail business — for RM46.8 million. Announced on July 15, 2026, the deal values Hung Tai at roughly 7x its FY2025 […]
Thomson Medical’s US$381 Million FV Hospital Buy: Vietnam’s Biggest-Ever Healthcare Deal
Singapore’s Thomson Medical Group acquired 100% of FV Hospital in Ho Chi Minh City for up to US$381.4 million in 2023 — the biggest healthcare deal in Vietnam’s history and Southeast Asia’s largest healthcare acquisition since 2020. The price, roughly US$1.7 million per bed, reset how private hospital assets in Vietnam are valued. Deal Details […]
Affinity’s US$1.1 Billion Yupi Buyout: The Deal That Repriced ASEAN Food Manufacturing
Affinity Equity Partners acquired ~90% of PT Yupi Indo Jelly Gum — Southeast Asia’s largest gummy candy manufacturer — in a transaction worth around US$1.1–1.2 billion, completed in March 2025 alongside Yupi’s Jakarta IPO. It was the largest buyout in Southeast Asia of its period, Indonesia’s first IPO with a concurrent change of control, and […]
ZUS Coffee Raises RM250 Million from KV Asia, KWAP and Kapal Api to Fuel ASEAN Expansion
Malaysian coffee chain ZUS Coffee (Zuspresso Sdn Bhd) secured RM250 million (approx. US$58 million) in September 2024 from a consortium of Singapore private equity firm KV Asia Capital, Malaysian pension fund KWAP and Indonesia’s Kapal Api Group. The largest disclosed investment in a Malaysian F&B chain that year, it funds ZUS’s push from ~600 stores […]
BIG Pharmacy–Caring Merger: The RM850 Million Deal That Created Malaysia’s Largest Pharmacy Group
BIG Pharmacy Healthcare, backed by private equity firm Creador, acquired 100% of Caring Pharmacy Group in 2023 for RM850 million (approx. US$185 million), creating Malaysia’s largest retail pharmacy group. The merged BIG Caring Group now runs 400+ outlets with roughly RM2.3 billion in annual revenue — and is heading toward one of Bursa Malaysia’s most […]
CP Axtra’s Lotus’s Malaysia to Acquire Village Grocer Owner The Food Purveyor for RM1.66 Billion
Thailand’s CP Axtra, through its Malaysian retail arm Lotus’s Stores (Malaysia), has agreed to acquire 100% of The Food Purveyor — the owner of premium grocery chain Village Grocer — for RM1.66 billion (approx. US$375 million). Announced in March 2026, it is one of the largest Malaysian grocery retail transactions on record, and it hands […]