Alibaba Group has agreed to acquire all the remaining shares of Ele.me, a Chinese food delivery platform backed by several private equity investors, in a transaction that values the company at $9.5 billion.
Alibaba and its affiliate Ant Small and Micro Financial Services Group currently own approximately 43% of Ele.me, according to a statement. The companies invested $1.25 billion in Ele.me in April 2016....
True North has agreed to sell India-based RDC Concrete, a company it has owned since 2005, to private equity-backed online construction marketplace Infra.market.
Freshworks, one of India's leading software-as-a-service (SaaS) businesses, traded strongly on its NASDAQ debut following a $1 billion IPO.
China-focused private equity firm FountainVest Partners has agreed to buy Ziwi, New Zealand’s leading exporter of pet food.