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...
Indonesian VC firm Kejora Ventures has reached a first close of nearly $25 million on its second fund and plans to expand into Thailand with the support of one of its LPs, the Chareon Pokphand family, which controls local conglomerate CP Group.
Bain Capital Private Equity has made a partial exit from Australian accounting software developer MYOB, reducing its holding from 56.25% to approximately 39.1%.
China’s largest express delivery services provider SF Express, which is backed by several PE investors, has completed a backdoor listing in Shenzhen that values the business at RMB43.3 billion ($6.6 billion).
Kickstart Ventures and BPI Capital have joined their parent Ayala Group to buy a 49% stake in the Philippines business of online fashion retailer Zalora.