CVC invests in GarudaFood: Bloomberg

CVC Capital Partners has invested about $150 million in PT GarudaFood Putra Putri Jaya, Bloomberg is reporting. The investment came ahead of a planned IPO for GarudaFood, which sells Leo brand potato chips and Gery chocolate biscuits, the story said. Garuda is a leading snack maker in Indonesia. CVC also acquired Munchy Group, a Malaysian snack-food maker, for about $250 million, Bloomberg said.