US-based private equity firm Platinum Equity has agreed to buy business products supplier OfficeMax’s Australia and New Zealand businesses from its owner, US-based Office Depot.
The transaction comes just a month after Platinum’s purchase of the Australia and New Zealand operations of Office Depot’s rival Staples. As in that deal, financial terms have not been disclosed. Both...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.