Asia Food Growth Fund I, managed by Investcorp Holdings B.S.C. (BAX:INVCORP) entered into a definitive agreement to acquire an unknown majority stake in Viz Branz Holdings Limited from Pluto Rising PTE. Ltd. and Ben Chng on November 16, 2020. Viz Branz is a family owned company. Ben Chng will maintain a significant ownership stake in the Viz Branz Holdings. For the year ended June 30, 2020, Viz Branz Holdings generated SGD 170 million in sales. James Clayton-Payne of Shearman & Sterling LLP (Singapore) Branch, Simon Letherman and Gary Hamp of Shearman & Sterling (London) LLP, Elvira Aliende Rodriguez of Shearman & Sterling LLP, Belgium and Lorna Chen and Max Hua of Shearman & Sterling LLP, Hong Kong Division, Eunjee Chae of Shearman & Sterling (London) LLP and Lorna Chen of Shearman & Sterling LLP, Hong Kong Division acted as legal advisors to Investcorp Holdings B.S.C. Credit Suisse (Singapore) Limited and Maybank Kim Eng Securities Pte. Ltd. acted as joint financial advisors and Rajah & Tann acted as legal advisor to Ben Chng.