Bahrain-based Investcorp has made more than 20 investments in the food and beverage industry over three decades across the US, Europe, Middle East and North Africa and Asia.
And its 21st investment in the space is marked by its backing of Heritage Foods, a buy-and-build platform established in 2015 that makes condiments and sauces, with long-standing presence in Singapore, Malaysia and Japan.
Heritage Foods is primarily involved in the investment and reorganisation of food businesses in the fast-moving consumer goods market in Asia, in addition to the acquisition of food brands.
Bahrain-based Investcorp has made more than 20 investments in the food and beverage industry over three decades across the US, Europe, Middle East and North Africa and Asia.
And its 21st investment in the space is marked by its backing of Heritage Foods, a buy-and-build platform established in 2015 that makes condiments and sauces, with long-standing presence in Singapore, Malaysia and Japan.
Heritage Foods is primarily involved in the investment and reorganisation of food businesses in the fast-moving consumer goods market in Asia, in addition to the acquisition of food brands.
In May, Bloomberg reported that Investcorp was targeting larger private equity deals in North America as it seeks to boost assets under management to $50bn; currently it has raised about $1bn of the fund. And in February, the group announced that one of its affiliates had acquired a portfolio of 13 multi-let industrial assets in South Wales, UK.
Investcorp today has a presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore.
In 2019, Investcorp set up a $500 million joint venture with China Resources Capital Management, the private investment arm of China Resources Group, a Fortune Global 500 enterprise and owner of China’s largest supermarket chain enterprise group, China Resources Vanguard, and Fung Strategic Holdings Limited, a member of the private investment arm of the families of Victor Fung and William Fung.
Source:https://www.arabianbusiness.com/banking-finance/465448-bahrain-based-investcorp-backs-asias-heritage-foods