Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.
ASIMCO is the leading supplier of components to the diesel engine market in China The sellers are an investor consortium comprising 30 individual shareholders, including Key Capital Partners, the PE...
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has agreed to acquire Qiandaibao, a VC-backed point-of-sales (POS) mobile payment start-up.
Tokyo-listed kimono retailer Sagami, which is already subject to a tender offer launched by Aspirant Group, has received a competing bid from New Horizon Capital.
China has launched a RMB350 billion ($52.5 billion) private equity fund to restructure state-owned enterprises (SOEs) as part of efforts to improve operational efficiency and encourage industry consolidation.