UTC Investment, a private equity firm backed by South Korean food producer Daesang Corporation, has finalized its acquisition of a 65% stake in VNPT ePay, the electronic payment arm of Vietnam’s VMG Media.
Financial terms were not disclosed, but local media reported in November – when the agreement was announced – that UTC would pay about KRW40 billion ($35 million). The divestment was driven by VMG's...
Singapore’s Temasek Holdings and Sweden’s EQT will commit $500 million to the launch and development of O2 Power, a renewable energy platform in India.
Indian self-driving rental platform Zoomcar has raised $30 million in Series D funding with a contribution from a Sony-branded fund managed by Innovation Growth Ventures.
Warburg Pincus generated distributions of $2 billion from its China investments last year, a record annual total for its local operation.
Several public sector organizations have committed $500 million to six funds managed by Bamboo Capital Partners under a new investment platform dedicated to achieving the UN sustainable development goals (SDGs).