Global private equity firm CVC Capital Partners has acquired a 100 percent stake in Malaysia-based snack food manufacturer Munchy Food Industries (MFI), as well as its subsidiary Munchworld Marketing, for approximately US$250 million. MFI, which produces and distributes biscuits and other snack foods globally, intends to partner with CVC to develop new technology and reach new international markets. Separately, CVC has reportedly invested US$150 million in Indonesia-based confectionary foods manufacturer and marketer GarudaFood Putra Putri Jaya, which is planning an initial public offering. CVC made both investments through CVC Capital Partners Asia Pacific IV.