The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to pare back its financial services interests.
SBI Card is operated through two joint ventures, both established in 1998: SBI Cards & Payment Services, which handles marketing and distribution of cards; and GE Capital Business Process Management Services,...
Navis Capital Partners' 3.5x return on Australian educational resources supplier reflects how the business proved resilient in the face of COVID-19, but the pandemic still played havoc with the exit process
Jungle Ventures and EV Growth lead $75 million round for Waresix, backing the company's integrated platform as a solution to Indonesia's logistics challenges
Increased standardization on disclosure has improved the visibility LPs have into how private equity firms are using subscription credit lines, but they must be mindful of attempts to loosen terms.
The long-term implications of US-China decoupling are of greater concern than the prospect of Chinese companies being forced to delist from US stock exchanges, LPs told the AVCJ China Forum.