Sun Capital Partners has exited Lexington Home Brands, a US-based manufacturer of residential and contract furnishings, to Shenzhen-listed Luolai Lifestyle Technology and Chinese PE firm Yixing Capital.
Financial terms were not disclosed, but the Chinese listed company revealed in a filing in November that the transaction value would not exceed $81.45 million. The two buyers formed a joint investment...
Lewis Rutherfurd of Inter-Asia Venture Management, Brooks Zug of HarbourVest Partners, Dan Carroll of Brooklands Capital Strategies, and Piau-Voon Wang on how private equity got started in Asia
Indian mid-market private equity firm Paragon Partners has closed its debut fund at $120 million.
Tencent Holdings has led a $40 million Series C round of funding for Shenzhen-based Ubtech Robotics, a humanoid robot maker backed by CDH Investments and Goldstone Investment.
Emerald Media, an Asian investment platform created by KKR, has led a $65 million Series B funding round for Thailand-based online retailing services company aCommerce.