Morgan Stanley Private Equity Asia (MSPEA) and Profex, a Chinese skincare company, have agreed to pay EUR48.3 million ($57.7 million) for a majority interest in Korres, a Greek specialist cosmetics manufacturer.
Nissos, an acquisition vehicle set up by MSPEA and Profex, will buy a 6.6% stake held by Giorgos Korres, the company’s founder, and 45.7% from other shareholders, according to a filing. MSPEA and Profex...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs) has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.