MBK secures partial exit from Korea's Coway
MBK Partners has sold part of its stake in Korean water purifier business Coway – having abandoned plans for a full exit last year – generating proceeds of approximately KRW370 billion ($330 million).
The private equity firm sold 3.78 million shares, reducing its interest in Coway from 31.47% to 26.81%, according to a filing. Local media reported that the selling price was KRW98,000 per share, a 6.6%...
More on North Asia
Latest News
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.