Hong Kong-based Affinity Equity Partners, an Asia-focused private equity firm, has decided to pause its plans for a continuation fund due to challenging market conditions.
The assets involved in the plan included the operations of Burger King in South Korea and Japan, as well as a purchasing management business in South Korea called ServeOne.
According to anonymous sources familiar with the matter, Affinity had been in discussions with advisors and potential investors regarding the fundraising plans for the continuation fund.
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