China’s Harbin Pharmaceutical Group, which is controlled by CITIC Capital, has agreed to acquire a 40% stake in GNC Holdings for $300 million, becoming the largest shareholder in the US-based nutritional supplements retailer.
GNC will sell 299,950 new convertible preferred shares to Harbin Pharmaceutical at $1,000 apiece, according to a filing. The capital will be used to repay debt and for other corporate purposes. In addition,...
Matrix Partners has raised $300 million for its third India-focused venture capital fund, which will back companies in sectors including consumer and enterprise technology and financial technology.
Boulevard Capital Partners, a private equity investor focused on infrastructure including telecom towers, has agreed to invest $20 million in Singapore-listed surveillance technology specialist Stratech.
Indian automotive and aerospace parts manufacturer Sansera Engineering has filed for an IPO that will provide a partial exit for its private equity backer The Rohatyn Group (TRG).
Sen Do Technology (Sendo), a Vietnamese e-commerce company that operates a C2C platform and payment service, has secured $51 million in Series B funding led by Japan’s SBI Group.