CVC and Equity Partners to acquire a 50% stake in Ngern Tid Lor from Krungsri.

Private equity firms CVC Capital Partners and Equity Partners agreed to acquire a 50% stake in Ngern Tid Lor, a microfinance company, from Krungsri, a bank in Thailand. company Financial terms were not disclosed. "Our new shareholders bring with them a combination of global expertise and local strength. We hope to benefit from new technologies, operational best practices and business development opportunities to help us better serve Thailand’s long-tail segment," Piyasak Ukritnukun, Ngern Tid Lor Managing Partner.