Food Empire secures US$40m investment from Ikhlas Capital

In exchange, Food Empire will issue 5-year redeemable exchangeable notes.

Private equity fund manager Ikhlas Capital will invest US$40 million in Food Empire Holdings (FEH) in exchange for five-year redeemable exchangeable notes (REN) with an interest rate of 5.5%.

Ikhlas Capital will invest in FEH through its wholly-owned special-purpose vehicle.

The notes can be converted into new ordinary shares in the special purpose vehicle's capital and/or exchanged for new ordinary shares in FEH's capital.

The equity manager will purchase the notes through its vehicles, Merit Genesis and Apex Genesis.

FEH said the capital injection from Ikhlas Capital will accelerate its growth in Southeast and South Asia.

Follow the link for more news on

Food Empire Holdings

notes issuance

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia