CVC wants to gobble up Munchy

Munchy, which reported a net profit of RM41.34mil on the back of a RM283.67mil revenue in 2015, was earlier said to be the target of locally listed special-purpose acquisition company (SPAC) Red Sena Bhd, which is focused on the food-manufacturing sector. (Picture shows some Munchy products)

PETALING JAYA: Snack food giant Munchy Group is said to be the latest target of CVC Capital Partners Ltd, a private equity firm with a history of buying Malaysian assets.

Munchy, which reported a net profit of RM41.34mil on the back of a RM283.67mil revenue in 2015, was earlier said to be the target of locally listed special-purpose acquisition company (SPAC) Red Sena Bhd, which is focused on the food-manufacturing sector.