CVC Capital buys 18% stake in Indonesian cheese maker Mulia Boga Raya for $20m

CVC Capital buys 18% stake in Indonesian cheese maker Mulia Boga Raya for $20m

Cream cheese and tomatoes on bread.

Global private equity (PE) giant CVC Capital Partners has bought a minority stake in Indonesian cheese company PT Mulia Boga Raya Tbk for 306.13 billion rupiah ($20.41 million). The transaction was routed through CVC’s investment vehicle, Pelican Company Limited.