IMM Private Equity has committed KRW60 billion ($56 million) to Socar, a car sharing company based in South Korea.
Joseph Lee, a partner at IMM, told AVCJ that the firm will take a significant minority stake in Socar, whose other investors include Bain Capital, SK Holdings, and Premier Partners. IMM plans to help...
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.