U.K. Music Retailer HMV’s Hong Kong, Singapore Businesses Sold to Private Equity Firm (Asia)

Source: Associated Press

AID Capital Partners, a China-based private equity firm, has purchased the Hong Kong and Singapore operations of U.K.-based music retailer HMV Group. AID acquired six retail stores and an e-commerce outlet in Hong Kong and two stores in Singapore, along with licenses in China, Taiwan and Macau. Financial details of the transaction were not disclosed.