Deals this week: PWP Growth Equity, Tabuk Agriculture Development Company, Mitsubishi Corporation

Private equity firms PWP Growth Equity and Fidelity Management and Research Company have invested $33m in casual dining pizza restaurants chain operator, MOD Super Fast Pizza Holdings LLC.

The deal will raise MOD Super Fast’s total equity capital to $185m. The company plans to use the funds to support its growth and expand its business in the US and UK.

All the entities involved in the transaction are based in the US.

Agricultural products producer Tabuk Agriculture Development Company (TADCO) has signed a memorandum of understanding (MoU) to acquire Al-Khalijia Investment for Foods’ business.

TADCO will establish a new company with an investment of SAR30m ($6.63m), following the transaction, and own 49% stake in the company.

Both the companies involved in the deal are based in Saudi Arabia.

Mitsubishi Corporation intends to form a joint venture (JV) with Betagro Group with a capital of $53.2m.

The JV, which will be based in Thailand, will export fried, steamed, and frozen chicken to Japan.

Mitsubishi will hold 50% interest in the JV, while its affiliate Itoham Yonekyu Holdings and Betagro will hold 25% each.

Mitsubishi is a diversified business enterprise based in Japan, while Betagro Group is a Thailand-based company involved in animal feed production, animal health products, and food businesses.

Asia Seed Co Ltd has agreed to a secondary offering of one million shares to raise KRW4.2bn ($3.95m).

Based in South Korea, Asia Seed is involved in the research, growing and selling of seeds for vegetables.