PAG Exits South Korean Toymaker Young Toys for USD127m
PAG has sold its 100% stake in South Korea-based toymaker Young Toys to a consortium including Nvestor, Corstone Asia, and Mirae-N, for USD127m. Read more… Read More
Chinese Smart EV Company Xpeng Motors Raises USD1.5b in NYSE IPO
China-based smart EV company Xpeng Motors has raised USD1.5b in its IPO on the New York Stock Exchange in an offering of 99.7m shares at USD15 apiece. Existing shareholders Alibaba, Coatue, Qatar Investment Authority, and Xiaomi have subscribed for and been allocated an additional 6.65m, 2m, 1m, and… Read More
The TikTok Dilemma: What’s at Stake for Cross-Border Venture Capital?
By Julie Ruvolo, Managing Director, Venture Capital, EMPEA [This article originally appeared in the August 27 | 28 edition of the VC Cache, a bi-weekly newsletter covering cross-border tech transactions and innovations with cross-border applications in a rapidly changing world.] The TikTok dilemma playing out on the global tech… Read More
DST Global Invests USD122m Series F for Indian Edtech Byju’s
DST Global has invested USD122m in the ongoing Series F for India-based edtech Byju’s for a 1.2% stake in the company. Read more… Read More
KKR Leads USD150m Series E1 for Chinese Edtech Huohua Siwei
KKR led a USD150m Series E1 for China-based edtech Huohua Siwei, with follow-on from existing investors GGV Capital, GSR Ventures, Sequoia Capital China, IDG Capital, and Longfor Capital. Read more… Read More
Hahn & Co Acquires Korean Air’s In-Flight Business for USD835m
Hanh & Company has agreed to acquire the in-flight catering and duty-free businesses of Korean Air for KRW990b (approximately USD835m). Read more… Read More
Hanwha Life Insurance Commits USD400m to KKR Asian Fund IV
South Korea-based life insurer Hanwha Life Insurance has committed USD400m to KKR Asian Fund IV. The vehicle, which targets USD12.5b and has reportedly received USD12b in commitments to date, will make pan-Asia investments with a focus on control buyout transactions. Read more… Read More
Cerberus Acquires 20% Stake in Seven Telecommunications and Consumer Goods Units of Mongolia’s MCS Group
An affiliate of Cerberus Capital Management has acquired a 20% stake in seven units of Mongolia-based MCS Group for an undisclosed amount. The acquired units operate across telecommunications and consumer goods. Read more… Read More
Stonepeak Commits USD1b to Form Pan-Asia Data Center Platform
Stonepeak Infrastructure Partners and a team of senior executives formerly with Equinix, Facebook, Tata Communications, and Macquarie, have committed USD1b to form Digital Edge, a data center platform headquartered in Singapore and focused on acquiring and developing carrier-neutral data centers and related digital infrastructure assets across the Asia… Read More
NWS Holdings Sells Hong Kong’s Citybus and New World First Bus to Templewater Bravo-Led Consortium for USD410m
Infrastructure firm NWS Holdings, a unit of Hong Kong property developer New World Development, has agreed to sell Hong Kong-based bus franchises Citybus and New World First Bus for HKD3.2b (USD410.2m) to a consortium led by private equity fund Templewater Bravo in a cash deal. Following the transaction,… Read More
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