Rahmat Lim & Partners advised Universal Robina Corporation on the acquisition.
Universal Robina Corporation (OTCMKTS:UVRBF), , one of the largest branded food and beverage companies in the Philippines with a strong presence in the ASEAN region, reached an agreement with private equity firm CVC Capital Partners (CVC) to acquire a 100% stake in Munchy Food Industries Sdn. Bhd. (Munchy’s) and its wholly owned subsidiary Munchworld Marketing Sdn. Bhd. from CVC Asia IV for 1.925 billion Malaysian Ringgit on a “cash-free, debt free” basis.
Established in 1991, Munchy’s is Malaysia’s No.1 biscuit brand that has now flourished into a recognized and successful brand across the region. Munchy’s offers a wide variety of offerings across all key biscuit segments with well-loved brands include Munchy’s Cream Crackers, LEXUS Cream Sandwich, Oat Krunch, Muzic Wafer, and Choc-O cookies, are available in most retail outlets in Malaysia and more than 50 countries globally.
The Rahmat Lim & Partners’ team was led by Partner Chen Lee Won (Picture) and included Partners Kelvin Loh, Lee Yee Ling and Raymond Yong.
Law Firms: Rahmat Lim & Partners;
Clients: Universal Robina Corporation;