Dubai-based private equity firm Abraaj Group announced the acquisition of a majority stake in the Wine Connection Group, Southeast Asia's leading wine themed Food and Beverage chain.
Founded in Thailand in 1998, Wine Connection has over 55 outlets in Singapore and Thailand. It is Abraaj's fourth Food and Beverage investment in Southeast Asia. (Abraaj has invested in over 20 F&B related businesses globally). Terms of the deal is not disclosed.
Abraaj is listed in the Middle East Investors Directory with the code OR01.
More details follows:
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