Greater China
Affinity Equity Partners already owns a 69.64% stake.
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
Xiaomi says sales of its electric car 3-5x higher than expected
PE major Blackstone reports 1% rise in first-quarter earnings
UBS said to be shutting some China private funds, laying off a third of staff
Crypto exchange Binance obtains Dubai licence to target retail clients
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Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
World
Blackstone’s net profit from asset sales fell 25% to $293.3 million as it cashed out fewer assets across its PE and credit portfolios.
It was the fund’s highest quarterly return in absolute terms since its creation in 1996.
Vietnam
This is the first announced deal of Center Back Capital.
The fund is close to reaching its target size of $100 million.
Singapore
The Chip Eng Seng-linked education business is said to be seeking up to $100 million.
The Veritas Capital Fund IX LP is reportedly seeking to raise around $12 billion or more.
Rest of Asia
Kioxia was acquired by a Bain-led group in a $18b carve-out in 2018.
India
Evolvence India Fund IV Ltd seeks to raise a total of $250 million in commitments.
IFC, Evolvence India, HDFC AMC’s Fund of Funds, and several family offices participated in the round.