CVC reaches Nirvana with take-private

Nirvana Asia is about to delist for the second time. But despite getting no premium to the IPO price, investors are overwhelmingly in favour.

CVC reaches Nirvana with take-private

Nirvana Asia, a Malaysian funeral services company listed in Hong Kong, is about to finish a $1.1 billion privatisation, marking the second time the company has delisted from an Asian exchange.

CVC Capital, the private equity firm, is taking the company private through Asia Memorial Group, a company it controls. Asia Memorial and Nirvana made a joint announcement about the delisting on Thursday, telling investors it had been approved by an extraordinary general...

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