Top Malaysia Coffee Chain Gets Funding From Buyout Firm KV Asia

ZUS Coffee, Malaysia’s biggest coffee chain operator, raised 250 million ringgit ($57 million) from a group of investors including buyout firm KV Asia Capital as it seeks to expand globally.

The other investors are Malaysia’s largest state pension fund, Kumpulan Wang Persaraan Diperbadankan, and Indonesia’s Kapal Api Group, owner of Excelso coffee shops, ZUS Coffee said in a statement sent to Bloomberg News.

The investment “signals a new chapter and springboard for ZUS Coffee’s growth,” the Shah Alam, Selangor-based firm said.

The company, which currently has about 550 outlets in Malaysia and 50 in the Philippines, said it will ...