CVC cuts price for Nine’s magazine division – report
CVC Asia Pacific is reportedly willing to listen to offers of as little as A$300 million ($323 million) – or 3x earnings – for Nine Entertainment’s magazine division after receiving little interest from prospective buyers. The sale of ACP Magazines would help ease the burden of the Australian media group’s A$2.7 billion in senior debt, which is due to mature next February.
According to The Australian, only Seven West Media's Pacific Magazines has been touted as a likely bidder and it is thought the regulators wouldn't sanction such a transaction on competition grounds. Nevertheless,...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
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India's InCred announces $60m round, claims unicorn status
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Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.