After Strong Run, Two Deals Dog PE Firm Affinity

HONG KONG, May 5 (Reuters) - Affinity Equity Partners, one of Asia's largest and most successful private equity firms, has taken a hit to its reputation and seen some credit lines pulled over two failed investments. Affinity sold a majority stake in Jaya Holdings for S$202.6 million to a Deutsche Bank-led consortium in February, after struggling for a year to offload the troubled Singaporean shipping firm.

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