NETWORK exclusively advised the shareholders of go asia, the largest retail chain for Asian food in Germany, on the sale of a majority stake to H.I.G. Capital .
Transaction
The shareholders of go asia are selling a majority stake to H.I.G., a leading global private equity firm with the aim of unlocking the company’s next phase of growth. The founding family will retain a substantial stake in the company.
The founding family, led by Wengui Ye, and H.I.G. will jointly drive the expansion of go asia’s retail network in Germany, its entry into various European markets and the further development of the organisation.
Companies
With more than 70 outlets in around 30 cities and over 1,600 employees, go asia is the largest retail chain for Asian food in Germany. The branches are predominantly located in central city-centre locations, in shopping centres and at transport hubs. The high-street business is complemented by an online shop. The product range comprises over 10,000 items from across Asia, ranging from rice, noodles, sauces and spices to frozen and fresh produce, as well as drinks and kitchen utensils.
H.I.G. is a leading global alternative investment firm with US$76 billion in assets under management that provides equity and debt capital to mid-market companies. Since its foundation in 1993, H.I.G. has invested in more than 400 companies worldwide. The firm’s current portfolio comprises more than 100 companies with total turnover exceeding US$53 billion.
