Asia-focused private equity firm Affinity Equity Partners has agreed to buy a minority stake in Malaysia-based poultry producer Leong Hup International in a deal that values the company at around US$600 million, excluding debt. Its operations span from producing feed and rearing day-old chicks to contract farming, slaughtering and processing meat. The investment will support the company’s expansion within Southeast Asia, including in Vietnam, Indonesia and Malaysia. Financial details of the transaction were not disclosed.