North Haven Private Equity Asia has entered an agreement with Giorgos Korres to purchase a 70% stake in Nissos Holdings for €48.3m ($57.30m).

Morgan Stanley manages North Haven Private Equity through NHPEA Maiden Holding and Profex.

NHPEA and Profex will gain 56% and 14% shares in Nissos, respectively, as part of the transaction.

Best World International (BWI) has completed an acquisition of a 22.5% stake in Best World Lifestyle (BWL) from Zolkefly Bin Haron for MYR1.12m ($0.27m).

“Best World International (BWI) has completed an acquisition of a 22.5% stake in Best World Lifestyle (BWL).”

Based in Singapore, Best World International supplies nutritional supplement and personal care products and distributes healthcare equipment.

BWI’s equity interest in BWL will grow to 100% following the transaction.

Luxury Brands has completed an acquisition of FHI Heat for an undisclosed sum.

FHI Heat is a US-based hair styling products company.

Luxury Brands has also acquired FHI Heat’s subsidiary beauty brands, including Stylus, Neo Bond, Hair Veil and Daily Beauty.

The transaction will allow FHI Heat to extend wholesale and retail distribution channels and marketing initiatives, while providing investment for the research and development (R&D) of new products.