Belle International, China’s largest women’s shoe retailer, is set to de-list from the Hong Kong Stock Exchange after shareholders approved a HK$53.1 billion ($6.8 billion) take-private offer from Hillhouse Capital and CDH Investments.
The company said in a filing that a majority of shareholders voted in favor of the proposal. This followed recommendations from independent proxy advisors Glass Lewis and Institutional Shareholder Services...
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.