
KKR's acquisition of Korea-based Kim's Club falls through
South Korean retail conglomerate E-Land Group has dropped plans to sell its luxury grocery chain Kim’s Club to KKR after agreeing a separate strategic divestment.
KKR and E-Land had reportedly agreed to a deal earlier this year worth KRW342-700 billion ($309-632 million). It was understood to have included transfer of a majority stake in 37 Kim's Club superstores...
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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.