H.I.G. Capital takes majority stake in German Asian grocer go asia

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire a majority stake in go asia, Germany's largest retail chain for Asian food, with over 70 stores in 30-plus cities and more than 1,600 employees. The founding family will reinvest and keep a significant stake; terms were not disclosed.

Why it matters: H.I.G. plans to fund go asia's store expansion in Germany and across Europe, betting on rising demand for authentic Asian cuisine.