H.I.G. Capital Acquires Majority Stake in German Asian Food Retailer

H.I.G. Capital has reached a definitive agreement to acquire a majority stake in go asia, the largest Asian food retail chain in Germany. Financial details of the transaction remain undisclosed and await customary regulatory approvals. This acquisition marks a strategic partnership with go asia's founding family, led by Wengui Ye.

Founded in 2008, go asia operates over 70 stores across 30 German cities, offering a diverse range of over 10,000 Asian products. The collaboration with H.I.G. aims to expand go asia's store network within Germany and into other European markets.

Wengui Ye expressed optimism regarding the potential growth, while H.I.G.'s Christian Kraul-von Renner highlighted the retailer's scalable store model. The founding family will maintain a significant ownership stake, ensuring ongoing leadership involvement in the company's future.