Japan-based Polaris Capital has sold its 100% stake in domestic electronics supplier Clean Surface Technology (CST) to coal mining company Mitsui Matsushima for JPY4 billion ($35 million).
Polaris acquired the company in 2014 for an undisclosed sum through its third private equity fund, which closed in 2013 at JPY39.1 billion. The turnaround plan included support for global growth and efforts...
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.