Japanese financial services group Orix Corp. has agreed to buy a 16% stake in Mongolia financial group TenGer Financial Group (TFG) for approximately $24 million
In a statement Orix said it will apply for the necessary permits with a view to making the investment in June. The valuation is based on estimates from investment bank Eurasia Capital, which values TFG...
Indonesian VC firm Kejora Ventures has reached a first close of nearly $25 million on its second fund and plans to expand into Thailand with the support of one of its LPs, the Chareon Pokphand family, which controls local conglomerate CP Group.
Bain Capital Private Equity has made a partial exit from Australian accounting software developer MYOB, reducing its holding from 56.25% to approximately 39.1%.
China’s largest express delivery services provider SF Express, which is backed by several PE investors, has completed a backdoor listing in Shenzhen that values the business at RMB43.3 billion ($6.6 billion).
Kickstart Ventures and BPI Capital have joined their parent Ayala Group to buy a 49% stake in the Philippines business of online fashion retailer Zalora.