ANZ continues due diligence on Lone Star's KEB
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence on Korea Exchange Bank, where Lone Star Funds holds a 51.02% stake, after commencing the diligence process in August, according to comments by ANZ CEO Mike Smith.
Latest reports from Korea give Lone Star's target price for its KEB stake as around $4.14 billion, after earlier reports that the value could be around $3.8 billion. Any final transaction would also include...
Latest News
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
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
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.