Alibaba and Baring Private Equity Asia Lead $400M Investment in Masan's The CrownX

Blackstone Acquires Crown Resorts

June 24, 2022

Restaurants & Hospitality

Blackstone has completed the acquisition of Crown Resorts Limited, acquiring three integrated resort and casino properties in Melbourne, Perth and Sydney in the firm's largest Asia Pacific transaction. Blackstone said it will work with Crown's management and employees to transform the properties into world-class entertainment destinations, improve compliance and governance, and support the Australian tourism recovery; Crown employs roughly 20,000 people.

Bain Capital Private Equity Acquires Majority Stake in Maesa

March 28, 2019

Consumer Products

Bain Capital Private Equity has signed a definitive agreement to acquire a majority stake in Maesa, a global beauty brand incubator and private-label manufacturer. Maesa’s co-founders and management remain substantial shareholders, while minority investor Andera Partners will be selling its stake; the deal positions Maesa for a next phase of global growth and capability expansion.

Investcorp-led Consortium Invests in Mo Xiaoxian

December 10, 2021

Food & Beverage

Funds managed by a joint venture formed by Investcorp, China Resources Capital Management and Fung Strategic Holdings (via the Asia Food Growth Fund I) completed a growth investment in Mo Xiaoxian, a Shanghai-headquartered instant food brand. The capital will support the company's expansion of its multi-channel distribution and scale its self-heating hotpot and instant meal product lines across China.

EQT Acquires Baring Private Equity Asia

March 16, 2022

Financial Services

EQT AB has agreed to acquire Baring Private Equity Asia (BPEA) in a €6.8bn transaction comprising 191.2m new EQT shares and ~€1.5bn–€1.6bn in cash, creating a scaled Pan-Asian active ownership platform rebranded as BPEA EQT Asia. The combination brings BPEA's private equity and real estate capabilities into EQT's global platform, with BPEA CEO Jean Eric Salata to lead the combined Asian business.

The Pritzker Organization Makes Growth Investment in Crown Health Care Laundry Services

March 8, 2021

Healthcare Services

The Pritzker Organization has made a growth investment in Crown Health Care Laundry Services, with affiliates of Quilvest Capital Partners selling their majority interests. Blenheim LP and Crown management remain significant shareholders; financial terms were not disclosed. The investment is intended to support Crown's next phase of growth, including expanding its customer base, geographic presence and facility network.

Mama's Creations Acquires Crown I Enterprises from Sysco

September 2, 2025

Food & Beverage

Mama's Creations, Inc. (Nasdaq: MAMA) acquired substantially all assets of Crown I Enterprises Inc., a Sysco subsidiary and fresh protein/ready-to-eat meal manufacturer, for $17.5 million in cash. The acquisition adds approximately $56 million of annual revenue, a 42,000-square-foot USDA-certified Bay Shore, New York production facility and roughly 200 employees, and is intended to expand Mama's production capacity, premium retail relationships and cross-selling opportunities.