Skylake Investment has committed KRW60 billion ($53 million) in Yanolja, a South Korean online-to-offline (O2O) local services platform best known for providing discount hotel deals.
The company plans to use the capital injection to consolidate its market-leading position through measures such as making improvements to its booking system, strengthening its service offering and B2B...
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
Eight Roads Japan has led a JPY2.45 billion ($21.6 million) funding round Tokyo-based online media start-up Candee.
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.