Advantage Partners has sold its majority stake in Japanese massage chain operator Riraku at a valuation of approximately $300 million, securing a 12x money multiple.
The private equity firm acquired a 75% stake in the business at a valuation of $50 million, including debt, in October 2013, facilitating an exit for one of the company’s three founders. The other two...
China’s MSA Capital has joined a $30.5 million round for Saudi Arabian B2B services marketplace Sary as part of a deepening Asia-Middle East agenda.
Huoban.com, a Chinese zero-code application building platform has raised $17 million in Series B funding led by 5Y Capital and Sequoia Capital China. Challenjers Capital also took part in the round.
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
David Swensen, head of the Yale University endowment who pioneered a new approach to institutional investment management, has died aged 67 following a long battle with cancer.