Southern Capital-backed Asia Dairy completes $240m acquisition of F&B Nutrition

Asia Dairy Creations, the Malaysia-based special purpose vehicle managed by PE firm Southern Capital, has completed the acquisition of F&B Nutrition for a total deal value of 1 billion ringgit ($240 million). The announcement was made in a filing by F&B Nutrition’s parent Can-One Bhd, to the Bursa Malaysia stock exchange on August 18.