Judge rules on VisionChina case
Venture investors in Shanghai-based subway mobile television advertiser Digital Media Group (DGM) have begun taking steps to attach $30 million of assets belonging to out-of-home digital advertising network VisionChina Media following a ruling by the New York State Supreme Court in response to lawsuits launched against VisionMedia.
DGM's investors, US-based Oak Investment Partners and China-based Gobi Partners, previously filed two lawsuits regarding VisionChina's $160 million acquision of their portfolio company DGM in November...
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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
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.