HomeEconomyCVC to sell Asian funeral business Nirvana for up to $2 billion:... Economy CVC to sell Asian funeral business Nirvana for up to $2 billion: sources By inew September 15, 2022 0 130 views Share FacebookTwitterPinterestWhatsApp Multiple STD +0.% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name your holdings type: purchaseSell date: quantity: price Point value: Leverage: 1:1 1: 1: by Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – Private equity firm, three sources familiar with the matter told Reuters CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could be worth as much as $2 billion. Sales process, run by 15 Morgan Stanley (NYSE: 100 Multiple Sclerosis ), has entered the second round of bidding , two of them said. A person familiar with the deal and another person familiar with the deal said the second round was mostly strategic buyers outside of Asia. An infrastructure fund is also in the mix, one of the people said. Bid will expire in a few weeks, a fifth source said. All sources declined to be identified as the information is confidential. Nirvana did not immediately respond to a request for comment. David Kong, founder of CVC, Morgan Stanley and Nirvana, declined to comment. Betting increase CVC bought the business for $1.1 billion due to demand for luxury funerals in the area 50. CVC tried to sell it two years later, but talks with various companies and private equity funds fell through at the time, people familiar with the matter said. was founded in25, Nirvana provides funeral, burial and cremation services for humans and pets. It also has operations in Singapore, Thailand and Indonesia, according to its website. Share FacebookTwitterPinterestWhatsApp Previous articleiPhone 14 Pro Max teardown video shows the internals of the SIM-less phoneNext articleEuropean shares rise on banking boost after sharp sell-off inewhttps://inew.news RELATED ARTICLES Economy Federal Reserve expands outreach to Instagram and Threads October 4, 2023 Economy Intel to spin out programmable chip unit, hold IPO in coming year October 3, 2023 Economy UK minister says “zero” chance of free trade deal with Biden October 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS WarioWare: Move It! Video Game First Impressions October 4, 2023 Federal Reserve expands outreach to Instagram and Threads October 4, 2023 Charity Lawson Addresses ‘Dancing With the Stars’ Partner Artem Chigvintsev’s Absence Due to COVID October 4, 2023 Polo Ralph Lauren Spring 2024 Ready-to-Wear October 4, 2023 Load more Featured NEWS How to find An educated mega moolah slot game Totally free Harbors Machines January 10, 2023 UK youth face being worse off than parents, says social mobility chief September 12, 2023 Shiba Inu To Introduce Four New Metaverse Hubs In 2023 May 17, 2023 Game Story: IKF and HR opening score ▶️ June 29, 2023 Load more
