CIMB Private To Grow Franchise

The Star:

CIMB Private Equity has bought 60% equity in the largest Burger King franchisee in Malaysia and will pump in an undisclosed sum of money into the company to grow the franchise in the country.

In a statement, CIMB said it through CIMB Private Equity Fund 1 bought the 60% stake in Cosmo Restaurants Sdn Bhd and will inject cash to grow new restaurants, expand and refurbish existing restaurants.