MBK Partners has sold part of its stake in Korean water purifier business Coway – having abandoned plans for a full exit last year – generating proceeds of approximately KRW370 billion ($330 million).
The private equity firm sold 3.78 million shares, reducing its interest in Coway from 31.47% to 26.81%, according to a filing. Local media reported that the selling price was KRW98,000 per share, a 6.6%...
Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zhongheng.
Rahul Chandra, co-founder and managing director at India-based Helion Venture Partners, is looking to raise $100 million for an early-stage fund. He will retain his existing portfolio management responsibilities at Helion.
The disruption caused by technology in China's consumer and business services sectors - and the change this brings to traditional business models - is generating increased deal flow for private equity and venture capital investors.
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.