TPG Acquires Actis’s Stake in Asiri Hospital Holding; Acquires Stake in Distillery Company (Asia)

Source: TPG, Deal Street Asia  |  Author(s): Juliet Shwe Gaung

Global private investment firm TPG has acquired a 28 percent stake in Colombo Stock Exchange-listed private healthcare business Asiri Hospital Holding from pan-emerging markets private equity firm Actis. The transaction, which was structured through TPG Growth III, was valued at LKR7.6 billion (approximately US$52 million). Actis originally invested in Asiri in 2012. Separately, TPG has acquired a 50 percent stake in Myanmar-based spirits manufacturer Myanmar Distillery Company Group (MDC). The transaction was reportedly valued at between US$100 million and US$200 million. MDC sells spirits under the Grand Royal Whisky, Eagle Whisky and Royal Dry Gin brands, with manufacturing facilities in Yangon and Mandalay.