A decade ago, in the aftermath of the Asian financial crisis, the region’s distressed assets were all the rage as investors moved in for opportunities to turnaround businesses that were underfinanced or failing. With emerging economies now flourishing, the spotlight has shifted to the US and Europe, still grappling with the after effects of a larger and more recent crisis.
There are 64 private equity distressed vehicles fundraising worldwide; collectively they hope to harvest $45.8 billion in commitments, according to Preqin. North America-focused funds top the list, with...
IMM Investment is providing KRW 150bn (USD 121m) in Series A funding for Korean cloud computing business NHN Cloud at a valuation of KRW 1trn.
QuantaSing Group, a Chinese adult tuition platform that spun out from wealth management and investment education business Erwan Technology, has traded relatively flat following a USD 41m IPO on NASDAQ.
MBK Partners and Unison Capital Korea have launched a tender offer for Osstem Implant, a Korea-based manufacturer of dental implants, that values the company at approximately KRW 2.85trn (USD 2.3bn).
A Bain Capital-backed take-private of Japanese one-stop field marketing services provider Impact HD, which values the company at approximately JPY 30.7bn (USD 236.3m), has won board support.