IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.
The GP will pay KRW61.2 billion ($54 million) for a 60% interest in W Concept, according to a filing. ISE will retain 20%. The investment will come from IMM’s third fund, which closed in October 2016...
A91 Partners’ spinout from Sequoia Capital showcases the deepening networks of the Indian VC space and hints that more ecosystem growth is yet to come
Northstar Group, a Southeast Asia-focused private equity firm that counts Indonesia as its core market, is looking to raise $800 million for its fifth fund, according to sources familiar with the situation.
Jean Eric Salata, CEO of Baring Private Equity Asia, argues that a $6.5 billion fund is not too large for Asia – he wishes he’d raised more – and explains why size increasingly represents a competitive advantage
Indian scooter rental platform Bounce has raised $105 million in a Series D round led by Accel Partners and B Capital Group.